They are free to set up an instance. Not sure who would federate with them.
this post was submitted on 19 Jun 2023
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Judging from their past and all the bad actions they have done in the past, bad for democracy, privacy, minorities and marginalised people and how openly they have a far/extreme-right bias. Well I feel extremely negative about them joining in. They were also part of destruction of another open/federated protocol in the past: they played big part in destroying XMPP/Jabber messaging. So I am afraid they will do their usual embrace, extend, and extinguish thing and their surveillance capitalist thing and yeah. no good. Best to block their instances outright.
I hate the fact that for a large number of people, this will be how they will be introduced to the fediverse and their view of it will be tainted by Meta. I also dread seeing Meta spam in my federated timeline. And I also fear Meta building its own proprietary features on top of the ActivityPub protocol, making the content generated with them incompatible with independent clients, and allowing Zuck to spread his monopoly to the fediverse as well.