"We're going to collect as much data about you as we can to sell to advertisers"

That's a rather pessimistic interpretation of a privacy policy that starts with this:

The spirit of the policy remains the same: we aren’t here to exploit you or your info. We just want to bring you great new videos and creators to enjoy, and the systems we build to do that will sometimes require stuff like cookies.

and which in section 10 (Notice for Nevada Residents) says:

We do not "sell" personal information to third parties for monetary consideration [as defined in Nevada law] [...] Nevada law defines "sale" to mean the exchange of certain types of personal information for monetary consideration to another person. We do not currently sell personal information as defined in the Nevada law.

So yes, I suppose they may be selling personal information by some other definition (I don't know the Nevada law in question). But it feels extremely aggressive to label it a "shithole" that "collect[s] as much data about you as we can to sell to advertisers" based on the text of the privacy policy as provided.