Corporations trying to take as much money as possible.

It’s how you used to buy weed.

It has some technical differences but it is basically the same. I think the Fediverse is too far ahead for it to ever catch on. I don’t think enough people care about extreme censorship resistance.

Likely bots recommending them.

I find it odd people who want their social media decentralised but are disgusted when money is decentralised.

It is humming along nicely for those that use it. There could be another speculative pump filled with scams, that would be no surprise.

I thought this was an announcement they were moving to the Fediverse.