That's roughly analogous to saying that Citibank, because your money is in their vaults, may come up with whatever conditions it pleases for you to access that money. It violates the spirit with which people agree to let a company store their property.
Many hospitals, actually, don't let you access your own medical chart. My guess, though, is that's more about doctors wanting freedom to write snarky comments without fear of retribution than it is about fear of competition.
no, you have a contract with citibank and there are laws in place that govern what they can do.
technically, he is probably more than correct about the "private property". In some "terms and service" listing I'm sure they state that using the service means they can do X, Y, Z with your data. You agree to it implicitly.
But talk of rights on private property and abusive terms is ridiculous for a service based company. The whole point is to make something users wants. Users don't want enemas or prison.
Many hospitals, actually, don't let you access your own medical chart. My guess, though, is that's more about doctors wanting freedom to write snarky comments without fear of retribution than it is about fear of competition.