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What constitutes Usage Data. Is it sharing the posts I view, communities I subscribe to etc?
Does paying for a premium version stop this data being collected?
Yeah, I saw this too when I went to download, and this bothers me a little bit. None of the other Lemmy apps I use collect my data.
Is this decision set in stone?
The data is less about what you are personally doing and more things like which device does a user have, which country is a user from, how often do they use the app, and how often do they click on ads.
You can dig more into what admob means by usage data here: https://support.google.com/admob/answer/9263723
Will you be able to one-time-pay beforehand? Before all these trackers take effect or will they still stay after the purchase? Pretty hard to consider a non-FOSS app that tracks you even if you pay. Might be great for lemmy's adoption but not for the fediverse' spirit.
Some quick search engine magic led me here: https://levelup.gitconnected.com/filling-out-the-app-privacy-section-in-app-store-connect-for-admob-users-bca0768ad86e
Same search engine magic should come up similar results for the Amazon usage data too