Earlier quoted context omitted.
Hate to ask if this is obvious, but what are said red flags from the past couple years IYO?
They essentially have MITM capabilities over a significant portion of the web, undermining TLS security. They have a tendency to deny access to normal users using privacy-friendly setups (Tor, without Javascript, etc), and them operating in net loss (implying that the shareholders value growth, i.e. gobbling up even more of the internet infrastructure). Some people are also concerned about their emerging ability as a…
There's actually some work being done to make CDNs not able to MITM the origin.
https://web.dev/signed-exchanges/
https://developer.chrome.com/blog/signed-exchanges/
Also, it's pretty common to use cloud X's load balancing service(/serverless product/etc) when hosting on cloud X, thus giving AWS/GoogleCloud/Azure similar MITM capabilities.