Still just on the first step, embrace.
Apparently threads didn’t support federating replies (comments) on posts until this.
And you still won’t be able to reply to the federated comments on posts, just see them.
They are really not in a hurry to properly support federating. I honestly didn’t realize Threads’ federation support was this pathetic.
They haven’t figured out a good way to turn the federated data into cash yet.
Are you kidding? Lemmy itself is 100% public and easily scrapable. It’s likely easier to get data on users.
It still needs to be profitable for them. Why would they want non profitable content freeloading on their servers? No doubt it will be collected and sold, just a work in progress.