The economy is growing 2-3% these days, so another point on that is about a 30% increase in growth and would be a spectacular for humanity.
Your privacy is not compromised by Facebook. Nobody is harmed. There are zero cases of people being hurt or their lives being denigrated due to targeted advertising.
FB is not perfect, I think there are better ways, I don't like them, but it's hyperbolic to suggest there is material systematic harm. Nobody is really losing that much.
Do you and I live in different universes? The one I live in blamed FB for allowing 3rd partner apps to download loads of personal information, and then use it to send targeted adds to influence an election. Also, adds spreading misinformation about Covid 19. At the early part of FB, kids could upload pictures with their EXIF data that included GPS coordinates- which were then used for kidnapping or serial molestation.
With location tracking for adds, no one even needs a legitimate reason to buy location data. Thus can be used for thugs to track down and kill people they don't like.
Nobody is harmed by virtue of invasion of their privacy.
Ads, which relate to misinformation about COVID and elections are completely separate issue, and basically have nothing to do with the detailed nature of targeting.
'Harmful Ads' can be on any platform in the world - Google, Television, Magazines, Billboards.
There is no harm to you due to the fact that FB has a 90% chance of knowing your gender, age, and a couple of your interests. None.
Your privacy is not compromised by Facebook. Nobody is harmed. There are zero cases of people being hurt or their lives being denigrated due to targeted advertising.
FB is not perfect, I think there are better ways, I don't like them, but it's hyperbolic to suggest there is material systematic harm. Nobody is really losing that much.