You have three choices:
1. Stop using Facebook
2. Pay Facebook to remove ads
3. Look at ads
I've opted for option 1, though I'll happily revisit this choice if Facebook (A) finds a way to make money without serving ads and without requiring me to pay out-of-pocket (unlikely) or (B) Facebook starts serving ads I want to consume. (Welcome to native advertising.)
No it doesn't, exactly the point, you can't pay them so you have no transactional or business relation, in fact one SHOULD block the ads that are forced upon you. Linkedin for example prohibit adblocking in their TOS, they can do this because you can pay them to get rid of the ads.
The point was that Facebook's problems are de facto the user's problems. Ad-blocking is, indeed, a solution, but one can't expect Facebook to (re)act in the user's interest.
The only real reason need your personal data is so they can show you Ads with presumably more effective targeting so they can get a greater share of advertising revenue.
It pays to remember that most forms of media - TV, Net, Print etc. are basically funded by money from advertisers.