Exactly. Nobody wants to go to a news website/entertainment website/informational website that relies on ad revenue because they will get bombarded by banners and then by a huge number of ads that were increased because those banners slashed their ad revenue.

So instead everyone stays on Facebook, Instagram, Reddit, and Twitter, which ALSO operate on ads and have far more information on their users than any third-party ad tracker could ever have.

None of this has gotten rid of the privacy problems. It just consolidated them into the worst offenders while jeopardizing the plurality of the web. Now instead of people being tracked by Facebook on a website with a third-party cookie in a like button, they are tracked by Facebook on Facebook in a Facebook page because they never leave Facebook.