If you can't even answer the first question, don't even bother attempting to answer the second. Every-time you use Sign in with Facebook or Google, they add another datapoint from one service to your profile on their systems. Tons of users use this sign up method and Google and Facebook know what you signed up to.
Combined with their billions in cash, insurmountable data-points, users and data, they can create products that are extremely personalised and trick us into giving away more sensitive data, with their highly user-friendly (and rigorously tested) interface. It will now take just ONE username on any service and include the linked profiles and that is it.
They are now coming after your health records. Do you want them to know about that? The line should have been drawn years ago.
Essentially... it's not about me. It's about everyone.
But I do a similar question to you. Why is it that people are worried about their Google and Facebook data as opposed to the data at their health insurer or at their bank or their local government? That data is far less secure, the data security policies (if they exist) are relatively trivial. For business purposes, what a bank or health insurer might do in pursuit of money would screw up your life more than Google or FB trying to sell you stuff. Local government could certainly cost you far more money or get you into more legal trouble.
The difference with Google, FaceBook, etc. is that they have far more data from far more different sources and they have far more money and far more power to put all together (this is the real danger) and get a picture of me, even I do not get.
And now they use this to increase their power and income and they do use this to manipulate elections, the thoughts, feelings and actions of people way more then ever in history before.
Anyone who does not fear this is willingly blind.
I am not religious, but if I was, trusting G, FB, etc, is like trusting the devil itself. Making a deal with him and selling their fortune to him.