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It's far more nuanced than that. What if the company tells you they are collecting and selling your data and even give you a way to opt out, but it's on page 28 of the Terms and Conditions.
It should be law that companies must have a clear and transparent way to communicate data collection and what they do with said data
In EU this law is called GDPR. And it exists.
Well, this country would be a better place if we were able to adopt a lot of the sensibilities and common sense laws that the EU has. Unfortunately, we're a plutocracy run by corporations for profit and consistently backed by an ignorant and easily susceptible generation of baby boomers that time and time again vote against their own interests.