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Opera can’t be considered trustworthy as of this event (cribbed from Wikipedia):

On 18 July 2016, Opera announced it had sold its browser, privacy and performance apps, and its name to Golden Brick Capital Private Equity Fund I Limited Partnership (a consortium of Chinese investors including Qihoo 360) for an amount of $600 million USD.

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Why does a new owner make them untrustworthy?!

Because it's impossible to run a >$600 million US-Dollar business in China without involvement from the Chinese government. The same government that heavily spies on its citizens and blocks access to the internet with a huge firewall.

Can you elaborate on the concern? Not challenging your point, just trying to understand how concerned I should be.

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