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Elon doesn't want you browsing Twitter
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It can happen here over time too. If the people running their instances somehow all get replaced with corpo instances. So we still need to watch out. It would just take a vast amount of effort and is highly unlikely.
If anything I'd say it's far more likely on a platform still establishing itself. Of course, the fediverse has a solid failsafe against stupid corporations actively trying to ruin it. But at this stage anything that scares users away will kill the platform real quick
I would have to agree. Though in the fediverse we can just move instances and pick back up on unaffected communities like nothing happened. Hopefully this means we can avoid enshitification and future mass exodus because a CEO wanted his product to be savory to investors.