In some of the music communities I’m in the content creators are already telling their userbase to go follow them on threads. They’re all talking about some kind of beef between Elon and Mark and the possibility of a boxing match… Mark was right to call the people he’s leaching off of fucking idiots.
For all intents and purposes it is “private” though. In your examples specifically banking and government, that data is not used for anything nefarious. People are screaming into the wind on Facebook, twitter, google, et al. In all of these there is an unspoken agreement that “we get it for free and you get our data to use as you will”. The vast majority of the public is oblivious to this or gets it and doesn’t give a shit because you are literally screaming into the wind.
Is it right? I’d argue no. But it is what it is. Control what you can.