My only concern is extremists making use of it to organize, spread misinformation, coordinate attacks, etc. and there's zero oversight. That's a serious concern that needs addressing, but I have no idea how.

In the Fediverse there are no Zuckerbergs, Musks, Dorseys, Huffmans etc.

I agree that the more accurate term is "board-proof" but I still think "CEO-proof" conveys the idea better to someone who is unaware of the way social media corpos work. The image of the shady CEO with his pinstripe suite and greased hair, lighting his big cigar with a wad of dollar bills is so strong in the cultural conciousness, that even my inlaws would switch to a federated plattform.

There will never be a time when you need adds to pay for a server even if you had a server with 50 million people the cost to run that server might be like 100k if just 1 million people pay 1 dollar you already have 1 million dollars a month you only need adds when your a company that needs to grow every quarter

Thankfully options like this are becoming available because it's really annoying to need to continually "digitally migrate" away as these corporate controlled websites become enshittified.

I don’t think it’s necessary “CEO proof” but it is definitely a bit better positioned to avoid the pitfalls that Twitter and Reddit have experienced. Hence the reason I am here. But there’s nothing stopping a for-profit corporation from buying out the owner of a large instance (or multiple large instances). I think the best way to try and prevent that is for people to join hyper-local, hyper-specific instances that can all connect with one another. I assume that would be the benefit of Lemmy.