Using the Express installation gives away the store in regard to privacy as does the majority of Recommended settings and Microsoft steers you towards them. There's an option to Customize settings somewhere on each page, in the fine print, perhaps at the bottom of the page, that you might have to scroll down to find; but, all of the sharing can be shut down. While I did that during installation, it can be done post installation through Settings as well. It's the same with selecting apps to install and permissions.
I turned Wi-Fi sharing off: I left Wi-Fi hotspots access on. I want to be able to keep browsing and I know not to send sensitive information over unsecured public access Wi-Fi connections. Hotspots access would have to be turned off if for some reason I didn't want my location tracked.
The default settings are for the masses whose lives are open books. For them and for those who additionally trust their contacts with access to their Wi-Fi connections, there are conveniences to be had.
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