No, the Internet companies have said that's not what's happening. Facebook has said, for instance, it has received a total of requests covering 18,000 accounts over a 6-month period, which includes NSA requests and local cops trying to find a missing person:
http://news.cnet.com/8301-13578_3-57589461-38/facebook-micro...
The Facebook etc. statements were designed to address precisely the concern you raised. Verizon and AT&T, on the other hand, have remained very, very quiet. For good reason: http://news.cnet.com/8301-13578_3-57591391-38/surveillance-p...