A very detailed article about the whole Meta (Instagram/Threads) vs. Fediverse discussions. It’s a long read, but well-worth it if you’re interested in the subject.
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That sounds like a very naive view on part of that developer. He probably never heard of Microsoft’s „Embrace, extend, and extinguish“ approach. This is going to be similar with Facebook. They have a lot more resources than all current instances combined and can provide a much better user experience. They are going to be the main instance on the federated network slowly starting to extend it and support features others lack. Making it a unique selling point until it’s too late.
And that’s not even looking at the moral/ethical standpoint of getting involved with Meta.
In the case of Facebook, it’s “copy, acquire and kill”
https://www.euractiv.com/section/digital/news/facebook-accused-of-copy-acquire-and-kill-tactics-in-us-antitrust-hearing/