Except it's not. In the old world, advertisers literally track you around the web and gather data about every single website you've visited, how long you've spent there, and so on.
In the new world, they basically just get an anonymized "group" you belong to that roughly gives them what you're interested in. They wouldn't know who you are or anything else about you, just that your in group 8123 and that group happens to generally visit a lot of websites related to fishing.