So imagine if some ex big tech CEOs and employees saw what Mastodon was doing and wanted to do the same thing, but with more jannies. That's the idea behind it. Furthermore, these people want shadowbans on federated networks.
The mindset from the big tech and college rich kid crowd is that they will gimp the protocol or give the Tumblr mob censorship power to stop the bad people on p2p, and that's the idea behind bluesky IMO. Shit like Pleroma/Misskey having security holes is a happy little accident.