> Collecting and comparing the IP address is the simplest exercise in the book. This, of course, is probably sold as "making your account more secure".
Sure, and if you agree to it, they can. If you don't, however, and somebody blows the whistle, they'll be looking at huge fines in Europe and most of their lobbying will be void because their bought politicians will look very corrupt if they try to stop regulations.
Again, I don't believe that they don't do it because "it's not ethical". Rather, it's going to cost them lots of money if they do and get caught (and lots of good will, too), and I doubt that they need it. IPs would be another data point, but they have so many already that it may not add as much value. That's for FB, Google & co, of course, for small ad-tech companies it's different.
> Once captured by tracking companies, it's in your profile. Doesn't matter if you prevent tracking later on.
That's true, and the reason why you'd want to disable tracking completely. As a user, you gain nothing from companies being able to track you, but you lose plenty. Again, I'm not suggesting that companies aren't tracking users, I'm saying that Google and FB are likely not operating that obviously that far outside the law. They can, sure, but they'll need to run a large conspiracy to keep it secret, and large conspiracies are hard and rare.