I agree. Threads, from their perspective, is not about Mastodon or the fediverse. We don't show up on their radar. We're a speck of dust on their roadmap. We are a complete non-factor to Meta and their plans. They want ActivityPub so they can demonstrate interoperability to EU Privacy Watchdogs who have so far costed them $1.3 billion in fines and are threatening with more. That's why Threads is not available in EU.
But who cares about that really? Not me.
It doesn't really change my attitude towards them. I joined fediverse, because it's the only place where you yourself can control the signal to noise ratio. There's no algorithm that shoves ads or influencer opinions down your throat. The moderation is largely crowdsourced to users. I want my "social media" to be "social". I want control over the things I see in my timeline.
That's not to say Mastodon/fedi doesn't have it's problems. It does. Many of the things OP lists are correct.
But at the end of the day, Meta doesn't care about us. But I care about me. Block the shit out of Meta. They're harmful to humanity.