In fact, so much so that it's been hard to get people to realize that the recent issues haven't been related to ads at all. Facebook itself stills seems to be trying to blur the lines between data collection and advertisement.
To me there's nothing wrong with ads. Even content-targeted ads (if I'm reading about gardening then show me an ad for potting soil or gloves). But the push towards creating profiles that follow you around to target ads to you on multiple platforms based on your previous behavior is just creepy and dangerous (when political ads and control over the data comes into play).