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Preface: I have no opinion. Have not installed, and will not install because I don’t need it.
If you have to ask, it’s probably worth investigating further.
The first thing I would do is search around for any mention of the app name and variants on the word “password”.
Never install anything that you don’t trust, and dissociate from your “real” email/identity for those that you aren’t sure about. Whoever owns the software potentially owns your credentials.
Oddly, I have noticed that most people I know aren’t interested in taking the minimal risk to sail the seas now that there’s widespread cause.
Back when Netflix was awesome, I knew a LOT more people who were willing to dive in to the technical stuff, risk, and additional effort to strap on an eye patch.
Anyone’s guess on the root cause, but I feel like the amount of people on the interwebs now have absolutely no idea (or interest) how anything works. “Push colorful button to do things” seems to be it.