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Also, you wanna know why Facebook still exists?
Because it's not actively screwing over its users.
Furthermore, Mark Zuckerberg is brutally pragmatic,
and he actually gives a flying fuck about his platform.

But I digress.
In short, the era of "centralized social media" is finally coming to an end,
and I, for one, welcome the future.
EDIT: Clarifed that only centralized social media has gone to sh[HUZZAH]t.