It's absolutely worse as an end user, privacy issues aside. Everything loads slowly. My cursor jumps around and I'm never clicking what I intend to click. Things that should be paginated instead infini-scroll, and things that shouldn't be paginated are ("These five amazing photos will translate into 15 page impressions for us because you have to click next three times for each!")
Worse regarding privacy concerns? Of course it is, I would never disagree with that.
Worse as an end user? Hell the fucking no. Before Google it was terribly hard to really find what you were looking for, I can't even imagine how many man-years humanity would have lost without Google Search.