Currently term store operations are only available via JSOM. It would be nice to see this added to the REST API as well.1,697 votes
We do apologize a delay here, but are actively working on this and we should have an updated status available on summer or autumn 2019 for starting preview of this capability with our customers and partners.
There's an undocumented API (https://tenant.sharepoint.com/vtibin/homeapi.ashx/ ) to follow sites and query data around those concepts. For corporate intranet scenarios, we often want to present the data a different way, surfacing native SharePoint capabilities. In order to add a "follow" button on an SPFX web part, we'd need an API to access that.
Related GitHub issue https://github.com/SharePoint/sp-dev-docs/issues/1689198 votes
Thanks for your feedback! Just a note to let you know that we’re building your suggestion now. We did mention this capability in dev keynote at SharePoint Conference 2019 and it’s coming later this year.
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