https://cybernews.com/privacy/meta-flo-period-data-privacy-l...
https://violationtracker.goodjobsfirst.org/mega_scandal/Onli...
https://apnews.com/article/google-smartphone-surveillance-ve...
https://www.security.org/identity-theft/breach/equifax/
4 major incidents and a site referring to dozens more, and that's just a few minutes of searching.
And that's only tech companies'(or tech related) misconducted. If we broaden the scope to corporations in general I'm pretty sure I would hit a post text limit before I even got through a quarter of them.
It's like the old saying goes "Every regulation is written in blood". Regs don't exist because someone doesn't want technology to progress. They exist because companies have shown time and again, as far back as you'd like to go, that they are not responsible members or society. They're willing to do anything in the name of profits, including mass privacy violations, abusing customers, and in extreme cases allowing people to die.