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This is just my personal take, but federation should have everything to do with culture. If there is an irreconcilable endemic culture clash between 2 instances then it’s reasonable to defederate. Relatedly, picking your instance based on who they federate with seems to be the most common criterion for choosing a home instance.
With that in mind, offering a vote for the federation of advertising-centric instances seems reasonable. The lemmyverse currently lacks anything of the sort and, just glancing at the innumerable pages of privacy gripes and guides tells me that there may be a culture clash. If Meta joined lemmy, I would choose an instance not federated with it, personally. But I speak only for myself.
You speak for me too.
I will leave the moment my content is shared with an ad supported instance. I'm absolutely fine with for profit companies joining (many aren't), but I cannot tolerate my content being used to manipulate people into buying stuff they don't need. If they want it, they can scrape it, but I don't want to willingly hand it over.
If this instance chooses to federate, I'm not going to raise a fit or anything, but I will leave, and I'll probably leave the entire ActivityPub network as well (though maybe I'll try self-hosting). This is the best instance for me, but that's my line in the sand. I want nothing to do with Meta or any social media network that profits from the personal data of its users. I left Reddit when it became clear that was the direction they were going (took me until the API change to commit to leaving), and Lemmy is my only social media (outside LinkedIn, which I only use for job applications) and I wouldn't mind leaving it as well.