No. Facebook proudly does specific psychological experiments on its users. Facebook intentionally decides that it will make some users sad or depressed, just to see if it can. And it can. And it is proud of it. Facebook is proud that it knows how to make you depressed, so much so that they published a paper describing how they made hundreds of thousands of their users fall into a depression.
Facebook is a fucking poison. The problem is not with us. The problem is with large scale propaganda networks and centrally-controlled social networks with misaligned incentives. The problem is Facebook and the core problem is the structure and incentives of corporations in our current not-well-enough-regulated capitalism.