I’m amazed few on here seem to be particularly bothered by such a massive invasion of privacy. There are umpteen horrible applications of this kind of data – stalking, your boss working out if you’re skiving off at work, blackmail, any variety of attack against your person, your partner checking up on you, being nicked retrospectively for speeding, if you’ve been to any particularly fruity nightclubs…
Even in the “I never do anything wrong” camp, there’s plenty that can be done to turn innocent location data into dirt. Bump into a mate when you’re out and about, but happen to be outside a school – that’ll be “loitered outside schools” if someone wants to word it that way. And they’ll have proof.