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Threads' New Terms and Conditions Affects the Fediverse
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A community dedicated to fediverse news and discussion.
Fediverse is a portmanteau of "federation" and "universe".
Getting started on Fediverse;
Technically, yes, you save metadata of all of those things. However: you are not a company that profits from vast amounts of data ingestion.
The entire current Fediverse isn't vast data by Meta, Google, Microsoft, and Apple standards.
You aren't making the point you think you're making. Sure, at somewhere between 8 to 11 million accounts, the Fediverse is a small pond. Meta is a gigantic whale. Ingesting the entire graph of everyone on the network would be relatively trivial for them, storage-wise.