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The standards are created by many organisations, not just Google. And then more than one major browser must implement and provide feedback on a proposed standard. We just hear more about Google’s input since they are by far the biggest and have a much larger engineering team than most.

What privacy issues does webassembly have?

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I’ve not heard of any, and spent the last 15-20 minutes looking for any and still haven’t.

I don't directly know of any, but I think there is concern of the possibility of privacy issued due to the compiled, non-available source code that web assembly presumably provided.

Privacy issues in webassembly should not be any harder to detect than minified JS. It doesn't really change the calculus.

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