I’m pretty new to this, so I can’t really game it out in my mind what the effect would be. My first instinct is to say that they would pour money into one instance, probably the biggest one, and the rest of the federated instances would just go about their merry way.

In fact, there are corporate federated services… I mean Bluesky is kinda federated, so is, I think Threads by Facebook/Instagram? But a lot of services don’t federate with it because they don’t like the people behind them.