I’ll summarize what the CEO of Instagram said in an interview on the Hardfork podcast this morning. Lots of hot takes here based on everyone’s rightful skepticism of Meta, but I think it’s worth understanding what their stated plan is.

First, the CEO said he thinks federation is the future, that social media in general is going to be increasingly moving that way in the next 5 years. This gives them a chance to take a big early swing in the space and get some learning in. Remeber, as much as a lot of fediverse people are worried about Threads joining, Threads is also worried about all of you who are already on the Fediverse. Part of what they are selling is a sane and we’ll moderated social platform that regular people can use, and federating is a challenge to their moderation. They are trying to work out how they can moderate content coming into the Threads server and shown to those users without having to defederate entire servers.

Second, and similar to number one, they expect that content creators, influencers, etc will come to expect account/follower portability as decentralization of social media becomes more widespread. This one is huge, and it’s one of their main selling points. They are telling celebrities that hey you can join Threads and it will be safe and sane, but if five years down the line you hate it, you can just pack up your account and move to another platform and keep all your followers. This is a really big deal, celebrities, influencers, journalists, etc spend years building followings and the main thing holding a lot back from jumping off Twitter for example is that when they go to a new platform they start with zero followers. Joining a platform where you are assured that you can jump ship without having to start at zero everytime is a huuuge selling point, and the reason they’ve been able to get celebrities on as early adopters.

Finally, the CEO said ads will probably come some day, but they are not focused on monetization at all right now, but just building a sustainable platform that is fun to use. They expect a lot of initial interest, and then for a bunch of users to get bored and leave, and then to work on slow growth overtime.

That’s straight from the horse’s mouth (via my memory). Was he being perfectly honest, probably not. For example, he said they made the decision to push Threads out now before it was fully EU complaint because EU compliance would take months and he was afraid they could miss their window of opportunity. He wouldn’t explicitly say Twitter has gone to shit and their going after that market, but that’s pretty clearly what he was alluding to. Also, keep in mind as a corporate representative all his statements can get the company in trouble for misleading shareholders (see Musks “going private at 420 a share” tweet for example), so he’s not able to outright lie about the company’s plans. So I’d take this all with a grain of salt, but I wouldn’t run immediately to conspiracy theories.