Well, corporations can't throw you in jail for what they find in your data, or think they find. Or put there. Just as Free Speech is only guaranteed from Government intervention, I would prefer that the government doesn't go rooting through my data. I would prefer corporations not either, but at least they are just going to make my life inconvenient, not incarcerate me.
That's why I feel government snooping is worse. Especially when they are doing some mental gymnastics to bypass laws that were clearly made to avoid this kind of invasion of privacy.
European Safe Harbor yanked
The court said Safe Harbour did not sufficiently protect EU citizens' personal data as American companies were "bound to disregard, without limitation" the privacy safeguards where they come into conflict with the national security, public interest and law enforcement requirements of the United States.
This is the primary portion I was referring to, but like anything, I'm sure there is more to it if I felt compelled to dig deeper into the story.
edit: Ah I see you caught the part I was referring to. It's all good.
The other side of this is that I'm usually ranting about corporations misuse of my data, but here they are the lesser of two evils. I don't know if I find that funny, sad, or frightening.