That is one reason why knowing your individual target is valuable beyond targeting a certain demographic - you can tailor your ad to the individual, which in theory will increase the likelihood of a sale.
There was that (in)famous NYTimes article from a few years ago about how the target supermarket was successful in finding out a teenager's pregnancy before the girl's father did, and sent her coupons for baby items (which is how the father first got wind of the likelihood of his daughter's pregnancy).
So, as the OP says, it gets murky and grey very quickly as you get into "personalised" selling.
We "live in interesting times" indeed.
And the particular case that you are now picking on could be argued as a corner case that captures both segmentation and individualisation at same time.
Anyway, the point has been made about why individualisation could be a tricky curve by me and the others. Choose whichever example(s) gives you the best rationale.
1) someone who visits fishing websites 2) an individual who purchased (verified by credit card data) $5K worth of fly fishing gear