Let's say you are interested in knowing which people watch a lot of cat videos. And let's pretend these people don't want to publicly share with everybody that they like cat videos. To find these people, you simply start a Google Ad campaign targeted at people who like cat videos. But the ad will be for an unrelated product, for example, coffee pads. Now every time somebody clicks on your ad and perhaps orders your coffee pads, you know that this person likes cat videos.
Ergo, your data is not compeletely safe with Google and it can leak, contrary to what they make us believe.