Threads hadn’t actually coded in the ActivityPub protocol into their system yet when they released. They released a bit early because they were trying to strike while Twitter/X was going through some drama.
According to them at the time they will federate in a few months. Not sure how realistic that is, but it’s what they were claiming then. I haven’t paid much attention since.
So as of now, nobody is federated with Threads.
Then they would be a part of the fediverse and people on Lemmy would be able to see reddit content and people on reddit could see Lemmy content.
Not sure what the question is. What are the implications? Would be a pretty big deal for a company like reddit to do that. Never gonna happen with current management, of course.
I think instances would ultimately federate with reddit even though lots of people would make a big stink about it, just like with the Threads thing we saw a few weeks ago.
Ajit Pai used to be a lawyer for AT&T, just like the previous guy was an executive for the ISPs. However Ajit Pai was nominated by Obama originally. Trump made him head, but don’t get it twisted - there is a bipartisan concerted effort to fuck you. Tom Wheeler was just as bad as Pai - they were considering getting rid of net neutrality already in 2014 under him.
They basically just wait for the right moment to strike. If they fail they wait a few years and try again. They have a lot more patience persistence and attention than the public. They will always win.