> Ads do not.
There are plenty of scams and malware being spread through ads. Furthermore ads are a parasite that wastes most people's time for no benefit with no official way for them to opt-out (a lot of services don't allow you to pay money to opt-out); it'a a cancer on society.
> Especially in this case where PII data is not being provided to the advertising company.
You are literally talking about capturing e-mail addresses so you can pass them to an advertising partner to target ads to these users. How is that not PII?