As an ex FAANG, nothing could be more true. TikTok is just continuing what Silicon Valley started, only they're better at it. Having seen what US tech companies have done with my data, I'd much rather it was in the hands of the Chinese.
What have they done with your data? Also have worked at a few FAANGs and from what I’ve seen (admittedly not working on social or B2C products) data is subject to rules and is generally used in aggregate only.