A little sensationalized? It's most definitely a strong mix of both sides, not everyone at Facebook is "evil". Honestly I think most of us can agree Facebook on average is useful service that has improved our lives. So yes it will probably help target us, the product, better to marketing/advertising.
As more and more promising services get absorbed or shutdown maybe it'll get clearer and clearer that if you dont want your data to be the product itself then we should start paying for the services we care about.