Why hypocrite? It's way better for Facebook to do business in China with censorship, than do no business in China at all. Otherwise other companies will just take that role and do the same Facebook would do.
I think some already did. Say Sina Weibo.
"It's better for us to cooperate with this regime which goes against our core values of enabling speech, rather than not make money."
Oh wait, that's not their core value is it. Their core value is... MONEY!
Hail corporate!
And you can give x% of your earnings to charity and talk in TV shows about how does it feel not being a [self-censored negative attribute]. That is why.
This is very similar to what Soros has said in the past. It's not a very Black & White issue, to be honest.
I dont know why you got downvoted, from a strict business point of view makes sense. Facebook is still a company looking for profit, and China market provides that. I hate gov and corps doing this evil things, but thats a different story.