We have seen nothing of that, contrary, tech companies have improved our life's immensely, for free, and in my opinion, are the one of the biggest driving force towards improving the future. Data is not just being collected for advertisement, tracking, and evil purposes, but is a very important asset in the development of products.
Furthermore, historically it was governments, not companies, that were abusing private data for nefarious purposes. Yet there seems to be no effort to stop it happening from that direction? Well of course not, its way to useful, and you'd be a fool not to use it, but companies are 'bad' trying utilize it...