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Yes, possible. But I didn't mean a true takeover, just de facto. Think a dev portal like React or GraphQL with a relatively large paid team of employees that effectively the new course and direction.
Right now none of that is needed, as fedi doesn't pose a real threat. They may spin something up to counteract Bluesky uptake though. Just speculating.
@BeAware or more EEE, time will tell. I see Threads as strategic investment that places Meta in a strong position to counteract any threats to their empire. And otherwise as a way to deal with - in their eyes - pesky EU regulations of DMA/DSA.
Until now they threw peanuts $$ to Threads. And it was a huge success implementation-wise (built on top of the complex Instagram existing stack in no time).
If Meta feels ActivityPub protocol evolution is stuck, they may launch a dev portal. Take charge.