Earlier quoted context omitted.
That would involve eavesdropping on a private conversation, and as such the analogy falls flat (also since you pay them directly for a service.)
Why can't the phone company listen to private conversations? What does being paid have to do with their enforcement of their own property rights? Couldn't they just say in the EULA "we will listen to your calls and disconnect you if you say something we don't like"?
Google, et al, need to be roped into similar laws. They are providing a defacto public square that deserves more regulation -- one way or the other.