My [paranoid] take: its vaporware designed to distract from the reddit fiasco, with plans fo mr meta to later absorb reddit instead of a reddit IPO. Reddit users are very different than Twitter users; the mass exodus didn’t happfrom Twitter to Mastodon, but looks very promising from reddit to lemmy/kbin. And it takes only one social media giant to crumble for the rest to follow. Once people are on Fediverse there is no going back