No. That’s what people like us and all the main stream media hope for. But: most people I know don’t have the slightest clue that Insta and WhatsApp belong to the FB group. And even worse: most of them don’t give a shit about the reputation of FB. They just want to send messages and share pictures through those apps.
Someone the other day was mocking to me the idea that collective, voluntary, cooperative action could accomplish anything. Did they ever use the Internet (in fairness, they aren't in IT and may not be aware of FOSS - but Wikipedia?)? Every non-profit? The all-volunteer soldiers of the American Revolution and of today? All the democracies born of the people overthrowing the tyrants? The great reduction of smoking, increase in exercise and healthy diet? All the people that are wearing masks (~everybody, where I am)? The response to natural disasters? Does anyone critically examine these graphite-thin arguments?
It's not all or nothing - FB operates in society, and they do things and will do things in response to pressure and to avoid other problems. They aren't canceling all moderation tomorrow, for example.
The public can be persuaded. Why do many spend so much advertising on Facebook?