Earlier quoted context omitted.
It could be a gold mine for advertisers , whose job is mostly to manipulate people into buying particular things. For watch owners, though, it's being mined. My concern is only modestly with privacy; it's more about intimacy. Defending against manipulation requires a bit of space, a bit of distance from the manipulator. There is zero chance I would let ads on my watch, a surface I paid a fair bit of money for because…
I work for small business owners, to say their "advertising" is primarily to "manipulate people into buying particular things" would be a very skewed characterization. Characterizations like that show a bias, and while they may "feel right" when talking about large brands, when you realize your local market, or restaurant wants to "advertise" or promote a special - suddenly advertising doesn't seem all that evil.
Speak for yourself. An ad is an ad, even if I like the company or product. I'm in agreement with the grandparent, ads would be even more intrusive on a watch than on my phone (where they are already annoying).