Given the structure of hierarchical orgs, both can (and likely are) true.

Moustache-twirler A: We've identified these metrics that correlate with increased shareholder value

Moustache-twirler B: But what do those metrics say about user privacy?

(both laugh. This is very funny)

MT A: no but really, fire any PMs that don't make these go up and let the survivors figure out why

MT B: sounds great. See you at golf this weekend

(some time later, in a less fancy conference room)

Engineer: This new feature is great, but could be construed as an invasion of privacy. Can we make it opt-in?

PM (panicking): Oh good heavens, no! Also send the opt-out button to the UX team, that way it doesn't come down on us.

It's probably more telling how you had to invent the cartoonishly evil MTA and MTB, a bootlicker PM, and an honest (but maybe just slightly clueless) engineer.