If we assume that privacy is 100% respected, "segmenting and targeting" is still not something that benefits consumers.
The people hate it when their actions on one site affect ads on completely unrelated sites. Real wold equvalent would be a salesman saying "I was passing by your house yesterday amd noticed you got a new bed.. Want to buy some bedsheets at a great price?". I think we agree this would be super creepy.
https://www.investopedia.com/terms/c/contextual-advertising....