I also don't consider my phone number "sensitive" information I want to keep secret - it's already quasi-public and something I give out when I want people to be able to contact me.
I grew up looking people up in the physical phone book when I lost their number, fwiw.
Turns out the phone number is the best unique identifier and is the perfect key for joining up lots of disparate sources of data. It's the kind of thing that you could either sell directly or use as an index to determine things like your estimated income.
It wouldn't surprise me if Facebook has had multiple technical methods for devising/stealing and disingenuous "protect your account" campaigns for willingly turning over users phone numbers.
I have used it a few times to contact people for whom immediate contact was preferable to facebook post/message.
Why not? When I grew up, we had a phone book listing everyone’s name and address and phone number so you could find them to contact.
I consider all of this essentially public information and would rather make it easier for people I know to contact me. If it gets lost in a breach, whatever. I already get plenty of junk mail because I give to charities and they sell my address.
It'll be fun if/when any of these numbers can prove they requested Facebook to delete their data under GDPR.