“Your information” was never the important thing. That’s a sideshow. The important thing is that controlling an algorithmic feed that is wildly popular amongst multiple generations of Americans means the CPC can control American public opinion at the touch of a button. Literally no country would allow a sworn adversary to do that. Why do you think China doesn’t allow Facebook or Twitter? And those aren’t even government-controlled American companies (sure, they’re subject to coercion, but not to the extent Chinese companies are).
OK so now "Larry Ellison, a slaver nation, and a PE surveillance focused firm" can "can control American public opinion at the touch of a button"? That seems just as bad.
Having 3 separate companies own it means one of them can’t just decide tonight to call whoever’s in charge and tell them to change it, or else they’re fired and lose everything. I do actually assert that these three entities are going to have divergent interests. Also I get that you don’t like Saudi, and yup we all know MBS had that journalist killed (totally F’d up), but overall they’re still not a government hostile to the West — especially when compared to several neighboring countries.