That's the 'for' argument, made by advertisers. Oh, we're just trying to more effectively let you know about the best deals for all the stuff you need!
The problem is, though, that any form of bargaining (and sales is bargaining) is an information game. The more they know about you, the worse a deal you will get. One recent real example was the advertisers targeting women on their periods. Taking it further, imagine a liquor company finding out that you've just lost a family member and flooding you with ads for alcohol. The more they know about you, the worse you get screwed.