An example of how this could play out is how easily Google and other big tech cooperate with government requests nowadays (compared to, say, a decade or so ago, when Apple was openly fighting the FBI in court to not be forced to make a tool to unlock locked iPhones).
It allows the government to censor things without having to explicitly deal with legal challenges, and in exchange the company gets good will and favors holding back regulation. That easily leads into things like election manipulation.
There's also the massive target it paints on their back in terms of data breaches.
There are also other things to consider. IIRC with one of the NSA related leaks, there was the story of employees abusing the data collection for personal purposes. Private companies have even less oversight towards the public on how the data is being used.
It allows the government to censor things without having to explicitly deal with legal challenges, and in exchange the company gets good will and favors holding back regulation. That easily leads into things like election manipulation.
There's also the massive target it paints on their back in terms of data breaches.
There are also other things to consider. IIRC with one of the NSA related leaks, there was the story of employees abusing the data collection for personal purposes. Private companies have even less oversight towards the public on how the data is being used.
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