So, by this logic Facebook is the good guy, because it is receiving less money by helping 3rd parties without its capabilities also invade users privacy, while taking a cut of the profits?
That's called contextual targeting:
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If iOS 14 users opt out, they will still be shown ads, but they’ll be based on other methods like contextual targeting rather than based on their IDFA.
"
https://clearcode.cc/blog/apple-idfa/#apple-skadnetwork
The issue is not effectiveness as much as measurement. Advertisers value the insight obtained by tracking user response to ads. That is something they are willing to pay premium for. Without the ability to do measurements, Facebook does not provide as much value.
Sometimes I don't understand what advertisers mean when they keep reassuring that all the data they suck is totally anonymized with the objective of delivering more personalized and relevant ads. How can it be personalized if you can't pick me out of the anonymized lot? If you can, then what good is the anonymity? Probably its me who just doesn't get it.