How is for example Facebook better because it isn't somehow tied in to the US government? On the one hand the state still have access to all the data from Facebook it wants (NSA, warrants) but on the other they have a hard time protecting its users privacy rights. I'm not convinced private entities are any better. For a US citizen maybe Facebook is better as a private entity but for everyone else outside the US?
Personally I would rather put my data in a Chinese-owned Tiktok than an American one because of the extreme amount of data already flowing into US services. Even if Tiktok is used to spy on me I can't see how it would be any worse for an European than putting more data into US services.