So let people make an informed consent and opt-in to include their data. You are free to try to convince people of these benefits and that it outweighs privacy etc... But you do not get to choose for me. I reject technocracy.
i know, they should probably let people use the service without various data collections, but still, perhaps people should stop signing over their soul to these crappy companies?
Stories and other things on platforms like Instagram help you stay connected with people passively without needing to find a suitable topic or a reason to start conversation of nowhere, it may make you discover a new thing to keep you connected to that person, they are interested in something you are curious about, thinking of traveling to the same place, etc.
Social connections are very important to people, and these companies are exploiting our desire to stay connected with other people - and the difficulty of changing communication platforms when there are many parties involved.
Otherwise it's about as convincing as the school bully being forced to shake hands with his victim while the head teacher is standing over him.