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Their profit motive does not align with your interests - not by choice. Their hand was forced by labor and consumer protection laws. Take off the legal constraints, and suddenly their business model includes things like slavery, child labor, unsafe work conditions, insane hours, monopolies... these aren't crazy-extreme hypotheticals, they're things we've had to actively step in and say "no!" before because they were actually happening.
Companies are not your friend. They're not even a symbiotic parasite: they're a barely contained cancer.
Plenty of other people's interests don't align with mine either - these days, it seems like most people's interests don't. What makes a corporation less reliable than my fellow Americans?
Divisions of power. Notice how shit things are getting under the Trump administration due to his (successful) attacks on our checks and balances.
Handing the reigns over to a corporation would be a similar situation, except that a corporation doesn't waste half its time playing golf or shitposting on twitter.
Imagine a Trump that doesn't eat, doesn't sleep, isn't stupid, and doesn't have any legal framework to tell him 'no' ...and can't just be assassinated by a fed up civilian. Literally no checks and balances, including vigilante justice.
...also did you see the bit about slavery and monopolies and such? Kinda seems like we're glossing over that to address relative alignment of interests, which is moot as fuck when things like slavery and monopolies are on the table.