Yes, based on it being one of the largest most profitable industries in the world. There is an immense amount of data showing that shoveling ad money into a product will convince some percent of people to buy it. Or just glance at the ads that fill up most people's Facebook feed and Google SERPs; it's mostly crap that looks flashy but few seconds but that few if any people actually have a real need for.

I've personally blocked who knows how many tens of thousands of ads online over the past couple decades. Somehow I doubt my life is lacking for not buying hundreds of extra products I would have learned about from all those targeted ads.