See, this is a tough one. Privacy concerns are legitimate, but also, when people keep reminding that Meta was a key player in acts of terror and genocide what is often not said is that a lot of it happened over Whatsapp groups and direct messages, as in India and Burkina Faso. Direct messaging apps are also social media.
I don't have a solution for this. It's a mess of an issue and honestly, I don't know that I trust anybody with a strong, aggressive position one way or the other.