First, [EDIT: this point has many flaws and is too complex to state succinctly, so I'm pulling it]
Much more importantly: The problem isn't who I need to trust, it's that Facebook is deliberately capturing and distributing large quantities of user data, and in addition they are giving it to some exceptionally unsavory people that are doing great harm to the world, including damaging the foundations of democracy and civil society.
Finally, it's disingenuous because few other companies have the power and data of Facebook. Why does Facebook get more attention than other violators? Is that a serious question?
EDIT: And finally finally, the argument overlooks the fact that security is defense in depth. Just because some other component isn't secure doesn't mean you shouldn't secure this one.