I think it’s safe to say the trust is dead. Moreover, the media has taken a huge hit over the years because of Facebook, and if you think they haven’t been sharpening their knives for this day, you haven’t been paying attention. He played a dangerous game and won for a while, but his blood is in the water and the media is a pack of sharks.
The public is going to be reminded of Facebook’s every immoral decision, and this fits into the growing narrative of tech=dangerous” which has been developing.