I suppose that a lot of personal data could be gleaned about someone (and their friends) from a rogue ActivityPub node reading the posts that were federated with it, but people would be suspicious if, for example, Mastodon suddenly started asking users for their phone number, Social Security number, and a picture of their driver's license.[1] And people would be very unlikely to sign up to a node which was actually run by Cambridge Analytica, right?[2]
[0] https://www.theguardian.com/news/2018/may/06/cambridge-analy...
[1] https://www.washingtonexaminer.com/opinion/parler-is-not-the...
[2] https://www.techdirt.com/articles/20201116/01141545710/what-...
So, it's worth considering that people might indeed happily sign up for a rogue node that steals their info without knowing what's going on.