A lot of people argue that a cloud provider has more expertise in a given domain than a customer for whom IT isn't a core competency. I reject this argument. What we have here is the classic principal-agent problem in economics. Your data is (or should be) sacred to you. LastPass's regard for your data is only proportional to the profit they think they can extract from you. Beyond that, they only answer to Citrix's shareholders. (Citrix, or Shitrix as I call them, is ultimately the parent company.)
I swim against the prevailing current in believing that the cloud should only serve as a backup, never as the primary solution.
Cirtrix hasn't ever been the parent company to LastPass. LogMeIn bought Citrix's GoTo product division, and also bought LastPass, so that's the extent of their relationship.
LogMeIn and subsequently LastPass is has been owned by the private equity firm Francisco Partners since 2020. Ire can be focused on Francisco Partners as they completely gutted LastPass and other LogMeIn products shortly after acquisition.
I swim against the prevailing current in believing that the cloud should only serve as a backup, never as the primary solution.