I’ve mentioned this elsewhere on Lemmy, but I follow a ton of artists on the former birdsite, and almost all of them ended up flocking to Threads and Bluesky. I created a Threads account to see what all the hype was about, and it is a very half-baked experience. Ignoring all the privacy concerns, the whole thing is very unfinished. Like you said, the feed is full of people I don’t even know or follow and I have to chase down my friends to see their posts. The lack of hashtags is a problem too, and since it’s not available in the EU, that rules out one of my best friends as well as many of her other friends.
I don’t know if it will recover or not, but there’s the old saying, “You only get one chance to make a first impression.”