It reads to me more like a disincentive to avoid participating on the platform. Twitter did this recently as well. You can view a simple timeline, but clicking on anything will require you register or log in.
I'm split on this, but I'm far more erring on the side of reclassifying social media as a utility. There's simply no way for someone to protect themselves from criminal activity (bullying, identity theft, fraud, libel/slander, terrorism) on these platforms without them having to expose their PPI to and participate on each platform. The same for police and the FBI. And that concerns me because Twitter and Facebook have become breeding grounds for illegal activity, covering everything from pedophilia to terrorism. The last thing we need is a social media company going Apple a-la refusing to break the encryption on an iPhone 5C used to facilitate a serious crime.
Justine Sacco was in 2014. And it took Justine over two years to find employment after a random user spam-retweeted her post. So, we've had six more years for these platforms to fester the worst of the worst of our society. Today, you can do what Zoe Quinn did: Post a fabricated claim of sexual abuse and violence committed willfully by someone she knew, and only few publicly knew, had a serious mental disorder and history of self-harm, and then actively enlist support to limit distribution of evidence proving the fabrication and prior knowledge, and eventually evade prosecution when that person, Alec Holowka, commits suicide after being blocked through several attempts to clear his name.
I apologize for the rant. That's not the point of your comment or my reply. But I hope this at least demonstrates why I want Instagram, Twitter, Reddit, etc. to be under government thumb. Without it, we're going to see more criminal activism and behavior protected for one demographic but not another because the only metric for Twitter or Facebook or IG policy is revenue.