While I'm not in the "everything for-profit companies does is inherently evil" camp, Meta has done some sketchy stuff.
It's mostly microblogging from what I can tell, and that's best in smaller instances or instances heavily moderated / filtered to feel that way which Threads likely won't be
It's name, even though it won't really be mixed threads like the name implies, will mess up momentum for the Threadiverse to mean AP actual threaded apps, and terms are hard.
I'm sure their TOS, privacy policies, or moderation policies aren't going to be any better than other Meta apps.
That being said, I do like:
They are planning to federate via AP unlike Bluesky
They are planning to federate via AP unlike Bluesky
We know that they are using ActivityPub. Afaik, we don't know if they are planning to federate with non-Meta instances (or with instances vetted by Meta). It is entirely possible that they use ActivityPub only to federate their own instances and ignore anyone else.
Exactly, it looks like among other things this could be an attempt to destroy the Fediverse from within. I think it is a good idea for anybody involved in the Fediverse to read this article, which talks exactly about how this could happen: https://ploum.net/2023-06-23-how-to-kill-decentralised-networks.html