Banging Facebook over the head might make Facebook suffer, but it isn't going to create an alternative privacy-conscious social network, or even the incentives to the existence of such an alternative. It's just going to further add cost to a bunch of properties that might have once been dominant and hegemonic, but aren't anymore (hello tiktok) and destroy value that would otherwise have accrued, primarily, to advertisers whose ads now will be much more crappily targeted.