Absotively!
I work in I/T for the insurance industry. Many of you guys and gals would be shocked, disturbed and/or upset if you knew about all of the data collected on you by various organizations, none of whom are the government, none of whom have gotten your permission to do so, and in some cases (if not all) there is no way to "opt out". This is why the government, for once, is doing the right thing by banning the Chinese ownership of TickyTock. Of course, domestic ownership of all of this data isn't much better (see: Facebook) but at least it's your fellow Americans who are out to get you, not some foreign country.
LOL
I don't want this to turn into a political thread, I'm not advocating government intrusion or suppression of free speech. I'm just saying that there is good reason to be concerned.
If you want to learn more about this kind of thing, read the book No Place To Hide by Robert O'Harrow, Jr. If you don't like to read, watch the movie The Great Hack.
OK, I gotta go, my new tinfoil hat needs some adjustment.