I got my family on #WireApp , which *had* a good privacy policy. They were bought and deleted all the clauses about not selling PII. It was tough convincing family something bad was up, when the app looked like it still worked the same.
Now I check the funding plan on any new app before getting others involved.
Sure, not every app will make money, but every VC expects a plan to try.
Not being up front with that plan is a red flag for me. Still need to research #Simplex.