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It's a tradeoff, but it's nothing compared to the tradeoff we make by using Facebook or Google services.I don't disagree, and I recently stopped using all Google products in part because of how much information they have collected and still want to collect from me. After the account suspension drama from several days back, I was spooked and came to realize just how dependent I was on the company, and what I stood to lose should I come into the crosshairs over a simple ToS violation or even just a random bug in their service.
But that only strengthens my point of view about this hiring process and how wrong it is. When a company wants to exert that much control over someone who doesn't even work there yet, it speaks volumes about their overall culture and attitude towards people in general.