Possibly even more so than at malice. If an organization acts out of malice, you can change its behaviour by educating it about its best interests or moving to disincent its malicious behaviour.
But incompetence, especially systemic incompetence, is extraordinarily difficult to change. Facebook appears to have ADD around user privacy and its interface. Designs come and go, defaults change capriciously, and security seems to be an afterthought.
We've seen this movie before, with MSFT in the role of the bumbling centi-billionaire. Hopefully Facebook will steer a different course.