À propos stealing, the quote is from https://peoplemaking.games/@Illuminatus@mstdn.social

I expected some data collection but to be honest, have not expected as much (especially location etc., although this can be partly deactivated). But maybe I was too trusting in this case 😅

Yep you’re right, and they shut it down: https://techcrunch.com/2021/11/17/instagram-will-shut-down-its-companion-app-threads-by-year-end/