For commercial offerings this is probably true for at least some of them, but creating your own VPN isn't terribly difficult if you are serious about your privacy. I typically just use them when I travel to countries like China where I can't get to a bunch of necessary services, so I don't mind if they route my YouTube traffic through CIA headquarters, but if I was doing anything more than that I would just set up my own.
Is it federated and open source? If not, I'll pass.