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Re:Mastodon.lol will shut down on May 9, 2023 by Gigachad on Friday February 10, 2023 @09:07PM (#34748842)
It's one sided. They only have to allow exporting. Either via a data dump file or a direct transfer to another service.

It's implied that the importing side will make this work on their own since they only benefit from allowing data imports to onboard new customers while the exporter is losing their customer.

Re:Mastodon.lol will shut down on May 9, 2023 by EMIRELADERO on Friday February 10, 2023 @10:28PM (#34749292)
There is no "either". The user has to have the ability to do both. See my reply to Jeremy's comment.