I know, that sounds like the lead-in to a joke - but not this time.
In the US, anyway, Congress established quite some time ago that companies had more rights to our personal information than most of us would want them to have. So it's not surprising when we find out the NSA (or whoever) has carte blanche to our information - and also that Congress doesn't grok why we get upset about it.
Europeans ostensibly have much stronger protections in this regard; but it seems to me there's a lot of "wink, wink, nudge nudge" going on over there, and those "protections" are mainly in place so their officials can posture indignantly whenever news like this comes out. In practice I don't think there's much of a difference on either side of the Atlantic.
So what's the big deal about yet another large entity slurping our personal information? Whether they're public or private - according to the folks elected to represent us, we shouldn't be upset about it...