Earlier quoted context omitted.
Because the inherent idea is control of power. One would trust a small company over the government because the small company can't do much damage with only that much data, whereas the government can, combined with all the other data. The small company can earn more money, what we can rely on given that they are in it for the money, with helping us with the data than they can by selling the data. How ever, as the comp…
Hurtful how? I admit I've really never understood that part of the argument. To go with your example, ok, you have tracking data with a dozen smaller companies you've done transactions with online. Now they all merge and become one huge company, all that data is combined. How were you hurt by this action?
It's more-or-less equivalent to if someone spent all their time looking through your trash and monitoring you 24/7 to learn if you're pregnant, what meds you're on, how much money you spend in a week, etc etc.