The most uncomfortable angle is just how quickly Facebook tuned into what we were doing and then changed its ad-delivery algorithm to match. I have one friend who had his picture taken in front of a headshop - he now gets regular ads for bongs and smoke accessories, even though he's not a user. So, that's also quite discomfiting ..
This assumes that your and Facebook's intent and interests are aligned. Clearly they are not. Why you posted your picture onto someone else's database is relevant primarily to you, and perhaps also to some subset of your friends.
You're not obligated to turn that process into a money-making proposition.
As Eben Moglen warned us a long time ago [1] the arrangement between you and Facebook (et al) is neither complex nor confusing:
You get some PHP doodads and you get spying for free all the time.
[1] https://www.google.com.au/search?q=eben+moglen+doodads+and+s...
For example, I have a friend who has never been on any social media. If he wanted to opt out of the surveillance apparatus, he still would have to address: collection of phone metadata, browsing history, traffic cams, other CCTV, financial paper trail, probably more I'm missing.
I argued that the one thing we had some limited hope of shaping was cultural attitudes and public policy towards this information and how it is applied.
I must say that the current climate of everybody tearing each other apart on social media is so far not encouraging.
The rest of it was about the more concrete benefits, like improved traffic, logistics, labor and resource allocation.
When you're the advertiser, sure. When you're the target, not so much. Do you really want billboards speaking to you as you walk down the street? Making suggestions based on your recent purchase history or activities and personal associations?
Just because advertising technology can achieve greater powers of reaching people, doesn't mean we need or want advertising woven into the fabric of our existence more than it already is. You can opt in to that if you want, I'm staying well clear.
It's something to rationaly know it, it's totally different to experience it in real life !
I would like to come up with some powerful (frightening) examples of why the data collection going on is so dangerous, and why people should be worried and careful.
Depends on whether you're a fan other other people making your choices for you, I guess.