I don’t think any fediverse user is concerned about their data being taken. The concern comes from the obvious threat of embrace-extend-extinguish.
Meta’s intent is irrelevant; EEE is basically a given of a large corporation because it helps maximise profit.
https://ploum.net/2023-06-23-how-to-kill-decentralised-networks.html
All those pesky staff, costing me money to produce value.