That's true, but what's stopping a company from documenting a security issue as a known (mis)behaviour/bug? [*]
Companies can join/setup a bug bounty program, and just use it as a fig leaf for pretending to care about their own product/service's security.
Of course bug bounties can and are abused daily by people who report trivial non-issues in the hope of compensation
But in the same way, companies can also be bad actors in the way that they engage with bounties. I would usually expect big names (like Google, Apple, Github, etc.) to be trustworthy...
[*] Of course what stops companies is precisely them not being seen as trustworthy actors in the bug bounty system anymore... And for now, that's a decision that individuals have to make themselves