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How Threads’ privacy policy compares to Twitter’s (and its rivals’) - Ars Technica
(arstechnica.com)
this post was submitted on 08 Jul 2023
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It's similar on android. Most apps that use it legitimately relate to health or fitness. I suspect that your headphone example would apply to Pixel headphones, also.
Meta probably wants it mostly for advertising purposes. They aren't exactly cautious when selling data, though, so who knows?