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Reddit sells its api for high and is about to go for an IPO, its economy bases entirely on the data made by the users/communities. It is the work of the public, get robbed by a small group of individuals. A living example of capitalism.
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Fediverse isn’t enough to secure the publicity and usage of public data. What if the host of Lemmy instance also releases the snapshots of all the posts and modlogs, everyday, in the form of bittorrent? Only by doing so, we are safe from the host erasing public knowledge and data brokers.
If you meant that a Lemmy instance can collect the data, well it’s a matter of trust
It can close that data, or sell api for high like Reddit.
Of course it’s possible, especially if it grows large enough