So much bad faith in this press release but not surprising from such a disgusting company, with of course some China-related fear-mongering despite no evidence of wrongdoing.
> After paying for access to the scraping software, customers self-compromised their Facebook and Instagram accounts by providing their authentication information to Octopus.
They didn't "self-compromise" their account. They trust Octopus to act on their behalf, and unlike Facebook, Octopus' interests are most likely more aligned with their users' since their service is paid. This is no different from handing your Facebook credentials to your social media manager or secretary. There's no evidence that Octopus misused this access in any way.
> Octopus designed the software to scrape data accessible to the user when logged into their accounts, including data about their Facebook Friends such as email address, phone number, gender and date of birth, as well as Instagram followers and engagement information such as name, user profile URL, location and number of likes and comments per post.
This is either information people intend to be public or information they trust their friends to keep private. Now if Octopus was leaking the private information to third-parties it would be one thing, but so far I see no evidence Octopus was disclosing the scraped information to anyone but their customer (who is already authorized to access it).
> Meta is an industry leader in taking legal action to protect people from scraping and exposing these types of services
Translation: Meta is an industry leader in protecting its disgusting business model that hinges on making public data behind a walled garden with an unacceptable "privacy" policy. There wouldn't be a market for Octopus (or other scrapers) if Facebook already allowed customers to efficiently access information they're already entitled to, but that would be against their interests as their entire business hinges on information being held hostage.
They've created a problem, are selling the cure (well in this case monetizing it via ads) and are now pissed off that someone else is selling the cure for cheaper.