If this is not that, then what is it? Because I don't feel either direction which way it's going. Gut feelings aren't the greatest metric to go by anyway.

People have been burned by companies before, see Reddit, twitter, XMPP and a multitude of other situations. And people feel if we forget that and don't at least take precautions against it that it will happen again.

Also it's been the case where companies have had good intentions, only to backtrack 2, 3, 4, or 5+ years down the track, forgetting their original reasoning - while it might be an absolute win now, the future is hard to tell. And on the internet a lot can happen. In 5 years. Just look how quickly the fediverse became relevant. How quickly Linux became a viable option for gaming. Shit changes so fast that it's hard to predict what happens.