So... let me see if I've got this right: Meta is going to start a Twitter-like instance on the fediverse that will be marketed to Instagram members and will be subject to Facebook's content moderation rules, and Mastodon users who want to will be able to transfer their accounts to Meta's instance, in which case they will be subject to Facebook's content rules.
I keep trying to see what all of the fuss is about, but no matter how often I look at it or from how many different angles, all I see is Meta and Zuckerberg doing yet another faceplant.
It's as if Walmart announced that they were going to open a chain of art house cinemas and market them to Walmart customers.