The moment you place corporate needs ahead of user needs is the moment you start losing user advocates (UAs). New features are shiny objects that may attract interest, but UAs are your long-term lifeblood. They don't just use your product, they recommend it to friends, teams, bosses, and organizations.
I'm not going to be as pessimistic as others in this thread bc I know you guys have what it takes to do the right thing. But know that a tide change has occurred when it comes to privacy and data, and technical folks are keenly aware of the importance of protecting both.