Facebook knows that you met someone or know someone?
That's all they know for sure.
it's something but not much.
That's all they know for sure.
it's something but not much.
Each of these is insignificant and noisy, but when aggregated it allows 99.9% predictions on stuff like "who are you voting for", "how much do you earn", "are you expecting a child", "are you buying a house/car/trip/anything significant soon", "how's your health", "are you sleeping well", "where do you live", "are you on a trip", etc.
People get ads about health issues before they realize they have these issues, because the Algorithm knows better.
When you have enough noisy uncertain data it doesn't matter that it's uncertain and noisy.
"Did Jane attend <event>?"
"Do you work with Jane an FooCorp?"
etc etc etc