I agree but they really don't care to that extent about their users. The power is in the data they have on us. They wouldn't relinquish that just because they want to be 'nice' and 'privacy compliant'. Naah... I don't think so.
The only reason I'm suggesting we acquiesce is because there's really no way to fight them. At least not without relinquishing one's use of social media. Notwithstanding, your opinion is as valid as it gets.