What is the Concern?
Except your personal chats and calls info whatsapp will share every information beginning from your device IP , about info, status posts to the valuable bussiness transactions information. Considering the ongoing trend people are also skeptical about WhatsApp starting to show ads in the app which was earlier promised to be not intended.
What Should We Do?
First and best alternative is to use any other secure messaging platforms like signal and telegram who gives priority to the security rather than revenue.
If you still intend to use WhatsApp itself, you can minimize the information shared on the platform like your DP, about section, and status posts. To avoid the location from being shared you can use a VPN (a virtual private network) to randomize your device IP address.