What profits were derived from the "sharing" of "millions of taxpayers' data?"
I had to do a technical audit of this issue to find out if my company had also been placed at risk. What happened is this:
1. Facebook asks advertisers to place some javascript on their website to help with general measurements (i.e.: whether viewing an ad on a Facebook property ultimately led to a purchase)
2. This javascript may also gather user interactions on the website so an advertiser can see what users engage with, what might be relevant to ad performance measurement, etc
3. These stupid tax prep companies placed the script on pages where users might view, interact with, or submit very private information
4. When users clicked around, tracking data was sent to FB
5. A security/privacy journalist spotted this and said, "gotcha."
Ad Tech companies don't want your SSN, and they really don't know to know if you purchased Plan B. But when tax prep sites and online pharmacies place a tracking script on all their webpages, everyone ends up with egg on their face.
There were no profits here. The journalist's privacy investigation should be appreciated and celebrated, but Elizabeth Warren is just raising a boogeyman so she can keep sticking a knife into the hearts of these large, corporate entities. Election season is coming up, after all.