"Such extensive data collection allows the profiling of users in order to show them personalized ads and marketing campaigns to increase the revenue for the mentioned companies."
On a bit of a philosophical tangent: Targeted ads increase revenues because they are focused on people with a higher proabability of responding positively to the ads. If you asume agency of the user then this is a good thing, a win-win. But by treating this negatively you are asuming that the user has no agency over their actions. They reply to the ad, but it hurts them or they don't really want to. And we should protect users from this "temptation". This is the line of reasoning behind banning the sale of addictive substances to minors.
Note that I am not talking about privacy issues, only about the quoted reservation which is quite common.
On a bit of a philosophical tangent: Targeted ads increase revenues because they are focused on people with a higher proabability of responding positively to the ads. If you asume agency of the user then this is a good thing, a win-win. But by treating this negatively you are asuming that the user has no agency over their actions. They reply to the ad, but it hurts them or they don't really want to. And we should protect users from this "temptation". This is the line of reasoning behind banning the sale of addictive substances to minors. Note that I am not talking about privacy issues, only about the quoted reservation which is quite common.