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My worst imagination is labelling you and selling your label to the companies they supply to, and how wrongly those companies can use that data, example: google search "prostate cancer" or searching for symptons associated with prostate cancer - label telling probable prostate cancer developing with this user - insurance companies denying insurance to you or making it too expensive. Now extrapolate this to what your searches probably tell about you or your state, and multiply by the websites you visit, the time you spend reading article/tweet/forum/post about a certain subject, where and how you comment those articles, etc, and being labeled according to their perceived likes/hates/problems about yourself.
My worst imagination is a nefarious entity using our data to determine if we are a threat or try and categorize people for some kind of psyop manipulation.
Something like Captain America Winter Soldier but more realistic. Even things like Cambridge Analytica show it is not that far fetched.
While social media companies and amazon may not have the desire to do those things, they sure make it easier for others by greedily collecting the data.