Every comment here is missing a crucial point. The data is used to identify what kind of person you are and then manipulate you based on that. It’s not just to target specific ads to you. It is to control how you behave in any way that will profit them. An example of what has been done is to identify democrats that were unlikely to be convinced to switch to republican, so instead they targeted them with content that would get them to not vote at all.
I’m glad to have moved to lemmy. It feels raw and real, vs reddits polished curated feel. As if I’m actually reading posts by people. And I like that is doesn’t get me scrolling too much.