> It should be illegal.
> How is this not regulated?
No one forces you to use these services. They're voluntary.
Imagine you're looking for storage for some stuff.
One company advertises a storage service, which is free, but there's a clause in the contract that says, "We can take your stuff at any time, for any reason, no backsies."
Would you trust your stuff to that storage company?
No, you wouldn't. That's insane.
But somehow you rub a computer on it and everybody loses their common sense.
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Folks are naive (in re: computers) so you can either: 1) educate them, or 2) exploit them. FAANG et. al. choose to exploit their users, quite ruthlessly too IMO. A few companies actually try to educate their users (a very few. Adafruit, Wolfram, ... who else? I'm sure there are more but I'm drawing a blank right now. Basically any company that's built around teaching people what computers are and how to use computers, rather than farming "lusers".)
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To me the weird thing is how many people choose to be exploited peasants rather than educated Users.
It's extra-weird to me when the peasants start jumping up and down shouting "Rabble rabble!" instead of just using some other non-exploitative system.
(But then most folks' behaviour has never made sense to me, come to think of it. So what do I know? "Nationalize FAANG!" "Rabble rabble!")