I agree with you! But the goal for people who want to turn money into power isn't to drive a single narrative, Big Brother style, to the whole world. Not even to a whole country! It's to drive a narrative to the subset of people who can influence political outcomes.
With enough data, a wonky-enough voting system, and poor enforcement of any kind of laws protecting the democratic process - this might be a very very small number of people.
Then the discord really is a problem, because you've ended up with government by a resented minority.