A large corporate shopping mall settles in a nice neighborhood with small local run shops and community centers. The new shopping mall says ‘if we settle here, more people will come, and you all will benefit’. A few years later all small shops are bankrupt and the community is destroyed. What remains is a barren corporate landscape.
From what I’ve read, their apps are not coming to the EU (yet?), which to me sounds like they don’t want to comply with the privacy laws. It could be totally different, but this is my gut reaction given Meta’s reputation.