He gave a specific case of PE attemting to scam him in a way that not only steals money from him, but would literally irradiate his face

And what does that have to do with how the company is financed? Public GAAP disclosures have absolutely nothing to do with whether the company is harming people or following applicable laws for their industry.

When you learn a company has been purchased, you adjust your priors on their behavior (based on past behavior, reputation, etc).

When Amazon bought One Medical, I expected the product and the customer service to be slowly watered down.

If it happens invisibly, I'm operating on historically established trust that is outdated, and I have no way to know it.