“You give us permission to use your name, profile picture, content and information in connection with commercial, sponsored or related content (such as a brand you like), served or enhanced by us.”
“By ‘information’ we mean facts and other information about you, including actions taken by users and non-users who interact with Facebook.”
So this includes everything they’re collecting about you but not telling you. Everything you read online, everything someone ever posts about you, all your private financial transactions…
…Through its labyrinth of re-definitions of words like “information”, “content” and “data”, you’re allowing Facebook to collect all kinds of information about you and expose that to advertisers. With your permission only they say, but the definition of “permission” includes using apps and who knows what else.