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I noticed that UBO Lite doesn't cause the ad boxes to vanish like UBO does. You see this on the likes of the weather.com webpage.

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Exactly. The Lite version is basically "hiding" ads rather than blocking. The MV2 version stops the requests themselves from being made which save your bandwidth and battery. The light version lacks those benefits

Advertisers get to pretend their ads are being seen.

Websites get paid.

Users don't see ads.

Sounds like a win-win-win?

Users are still being tracked and your websites are still slower to load. More of your bandwidth and CPU is being used.

If you want a sophisticated version of what you think this is, see Ad Nauseum. It's uBlock Origin except they create a fake "profile" for you and selectively click ads under the hood to throw advertisers off

That's manifest V3 working as intended.

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