Wow so much misinformed hostility against Beehaw here. The mod tools for Lemmy are currently limited and they just want to protect their community from trolls and spam. There’s no conspiracy here to break federation.

The reality is that unless you have immense, immense scale (i.e., Facebook, Instagram, YouTube, LinkedIn), making money off social media is impossible. Twitter barely made any money before Elon Musk took it over, and it’s making less now.

Reddit is pseudo-anonymous too and is harder to monetize, because high ad rates come from being able to identify your users.