Another way to look at it, as I see it, this would certainly make Facebook better for their product (users) while making it worse for their actual customers (those who want the user's data).
If news distribution depends on facebook in a country, then everyone is screwed.
I'm not arguing your point, but rather highlighting that the majority of Americans get their news from social media, Facebook being the largest component of that:
Everyone loves the free market, until market actors do market actor things. Same with GDPR -- "hey wait a second, you're not allowed to decide you'd just rather not deal with our new law!!"