Futo (the organisation developing this app) appears to be a tech billionaire (Eron Wolf) firing his money at the tech industry until it stops being so shit.

This is from the about page on their website:

Our Three Pledges

We will never sell out. All FUTO companies and FUTO-funded projects are expected to remain fiercely independent. They will never exacerbate the monopoly problem by selling out to a monopolist.

We will never abuse our customers. All FUTO companies and FUTO-funded projects are expected to maintain an honest relationship with their customers. Revenue, if it exists, comes from customers paying directly for software and services. “The users are our product” revenue models are strictly prohibited.

We will always be transparently devoted to making delightful software. All FUTO-funded projects are expected to be open-source or develop a plan to eventually become so. No effort will ever be taken to hide from the people what their computers are doing, to limit how they use them, or to modify their behavior through their software.

(From: https://futo.org/what-is-futo/)

What they say and what they will do could of course differ but they do go to great pains to paint themselves as fundamentally opposed to be sort of action you are worried about.