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Who owns the servers for Lemmy?

Trying to wrap my head around the fediverse. Is each instance like another person with a server? Could that person just shut it down whenever they wanted to?

Are there any companies that have invested in hosting Lemmy/ other fediverse servers?

Sorry I'm sure I messed up some of the terminology, I hope my questions make sense! I love the idea of the fediverse as I understand it, but I like to dig into these details.

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