There are relationship negatives to censored personal news. My wife was tangentially involved in a family feud where facebook randomly promoted or hid various attacks and defenses and apologies of the two major factions. Its just not a platform useful for social interaction anymore. The censorship of the family feud and the resulting weird interpersonal drama reminds me of some incidents in the meme-war on facebook leading up to the election of Trump which is interesting.
Superficially it sounds awful to have family drama increased by hiding half the posts, much like playing a board game where half the moves are deleted sounds terrible. However, for a short period of time, until the users are completely alienated, FB made money by increasing the depth and length of that family feud by increasing readership during the height of the feud. In the long run people won't use FB at all, of course.
0.5% is being generous, i had almost no interaction with people i cared about while i was on there and i'm glad i've switched to other platforms where they aren't as interested in feeding me their stuff and just letting people talk
Weird as it probably sounds, FB sucks for humans because its users are people not corporations.
That's not a problem.
Friends will share important stuff outside of Facebook because that's how friendship works.
And there are many other platforms where things can be shared too. People can post the same or similar things to multiple platforms quite easily these days.