We absolutely should, some companies cannot ever be trusted with certain information. There is no reason why companies like Meta or Google should be entrusted with so much user data. The government should force a divestment from it and allow the public to own it (which should include public job guarantees that allow the public to maintain said data) or allow for smaller companies to be the handlers of such data.

Google, Meta, and the rest of big tech have proven they should never be trusted.