You don’t wait and see how it goes with these sorts of things. They will destroy the community before you can take action and it’ll be too late. They will do their best to destroy the fediverse and privatize it. They can’t buy it like they usually do with competition, so they’ll ooze their way in, contribute bullshit to the project, create new proprietary functionality that only works on their instance, convince everyone all the other instances are broken, and walk away with all the users. You don’t invite vampires into your house.