Why is it cringy? It's an easy way to host a blog. I'd rather any company focus on their main business rather than futz around with blog hosting.
For example, how would you like it if "beyoncescock" or "dildoreo" (both real usernames, by the way) were to reblog your serious announcement from your serious company? Now those usernames are associated with your company's name when you search for it on the web.
It's like saying corporations don't want to associate with the internet because there's porn on it.