It’s not that they would necessarily cripple it, but they would “enhance” their instance of AP (the “extend” in EEE), “accidentally” making it incompatible with the rest of the Fediverse and thus creating an excuse to suddenly drop support for the Fediverse. At this point users in, say, Mastodon will have created some degree of dependency on users in Threads, and at that point people in there would be forced to move to Threads if they want to maintain a similar experience as before.
I was a kid in the early 2000’s and I remember that page from the science book that we were reading during class, and it was also already alarming us about climate change/global warming. And like you said, here we are…