The design is supposed to be better than a true VPN, because neither Apple nor the exit node (Akamai, Cloudflare, Fastly) are supposed to know both who you are

The design is supposed to be better than a true VPN, because neither Apple nor the exit node (Akamai, Cloudflare, Fastly) are supposed to know both who you are and what you’re doing. Of course, Apple pays them for this service, so they could exchange info.