Does that mean all Apple devices phone home about everything found nearby all the time?
Most of users want a way to find / lock / remotely wipe their 1000$ phone in case it gets lost or stolen.
It's really useful for locating lost headphones, laptops, etc. -- whether stolen, left on public transport/taxi, or left at a friend's house.
Edit: link to Apple's description of how Find My works: https://support.apple.com/en-gb/guide/security/sec6cbc80fd0/...
Would have been nice if the article explained a bit what is actually happening. The wikipedia article doesn't mention it either...
That's right - you can read more at [1]
1: https://support.apple.com/en-gb/guide/security/sec6cbc80fd0/...