In general I agree. I like having a State, whose definition is more or less the (hopefully judicious) monopoly on such violence.
But the State seems to be doing an end run on restrictions against unreasonable (warrantless) search which we've agreed it should be constrained on, by giving private entities carte blanche to lowjack the entire population and sell that data to whomever they like (so long as the State gets to cheat by buying from them too).
And so far, the most notable uses of this workaround by government seems to be..... cops stalking women for fun.
All in all l, I'm not particularly happy with the government having this power while it is clearly not being used responsibly.