The security issue is paramount to me. Running a simple app like Quicken, I keep track of my family finances. There's no way I'm going to use a web-based application for that.
When the Chrome browser was released, Google had a clause in their EULA that claimed any content created or even viewed became the property of Google. In effect, if you went to read a website, say the Washington Post, then Google was claiming that the content of that website belonged to them. I don't know what moron thought Google could get away with such an outrageous claim (and it may have been rescinded since then) but for that reason, my employer outlawed installing Chrome on any of our company systems.
Everyone likes to bash Microsoft but honestly, I don't see Google as being any better in some regards and perhaps even worse, such as cooperating with dictators to identify people within certain countries who try to do things the government doesn't approve of. For a company that claims their top principle is to "do no evil", it sounds like they're coming up short to me.
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