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So, here's my concern: if you don't want to use WhatsApp because it's owned and operated by Meta, that means you don't have a lot of confidence in that end-to-end encryption.

And if you don't have confidence in it when it's run by Meta, why should you have confidence in it when it's run by Signal Foundation?

I assume this is because even when conversations are end-to-end encrypted, there is data exhaust around the edges -- like the timing of conversations, or profile data.

Is that roughly it? Or am I missing something important about this?

So, as far as I can tell from the thread, here are the reasons, in roughly descending order for importance from me:

1) Signal is Open Source
2) Signal does a better job encrypting metadata and other incremental improvements in security
3) People trust Signal much more than Meta
4) People want to show alignment with Signal more than Meta

I think these are pretty convincing. Thanks all who replied!