Earlier quoted context omitted.
There is a big difference between sharing data with companies, and allowing companies to specify as targeting rules. Facebook lets companies bid for ads to show you, based on Facebook’s data about your interests and demographics. If you never engage with the ads there is no information leakage. It’s the difference between telling a random person “I’ll tell my gay friends about your party” and “Did you know that Bob i…
I've heard a lot of people believe otherwise (including a sibling post), so probably best to bring in evidence/sources. Here's Facebook's statement on it: "No, we don't sell any of your information to anyone and we never will." From https://www.facebook.com/help/152637448140583 So if you believe Facebook sells your information, then you also believe that Facebook is directly lying about it on a help page about that s…
Until 2014 or so an app could request permission to view almost any data a user stores on Facebook. That's not great, but hey, you could argue it's not Facebook's fault that people don't understand permission prompts (I'd disagree with you, but...). But those same prompts allowed users to give away their friend's data, so absolutely anyone you're friends with could take some stupid personality test and give away your information in the process, and there was no way you'd even know.