Still subject to a company’s will in the cloud. For something like this (not doing anything in a legal gray area) it’s probably fine, though. For now, places like GitLab know they’d dissolve their trust with the world in an instant if they fucked around with a legal projects code (and github knows this too).
I think the point is less worry about corpos and more about “let’s support FOSS since an actual alternative exists”.
This is called “Bowsette” and it was a meme for a while a few years back