It's based on a lie, but it's also a lie that's entirely fundamental to Google's existence: The reason Google is the giant it is is because of the delusion you need user tracking and that only Google has enough user data to do it well.
If you get rid of user tracking, anyone or their brother can sell ads, and then why deal with Google?
If you get rid of user tracking, anyone or their brother can sell ads, and then why deal with Google?