I'm not sure people really need biometrics data to advertise to you more effectively.
So google will know what stores you’re near, what people you’re near, and for how long.
Or, when it's noticed a lull, and kmows you're influencable: Hire this personal trainer to get you back exercising!
Using heartrate, activity levels, mobilty can probably infer a broad picture of someones health, which of course, would be very valuable to health insurance/life assurance companies.
With this level of privatised surveilance, I'll stick with my mechanical automatic watch thanks.
Located in Hong Kong, elevated heart rate in the evening, spikes match tweets about police activity against protesters? Be prepared to be visited by the authorities.
google would sell "attention time to people whos heart rate spiked during the world series" but not tell the customers who those people were. you would be outing yourself if you click the ad.
I haven't had a Fitbit in years, so I'm sure some have GPS, which would increase the footprint of GPS tracking for runners that don't run with their phone (even if that not many), then you're getting ads about healthy food options near the start/stop point of your trail.
It could tell Google if you've been having trouble sleeping, then you're getting sleep aid or sleep study or high end mattress ads. I'm sure the fitbit can detect certain workout routines based on physical movement, and can cater ads to users based on whether they're weight trainers or endurance trainers as well as skill level.
I think there is a ton of high value information that can be gathered from a Fitbit for Google.
There are so many bad implications of this, it will never outweigh any good Google claims this will do.