I wonder if Facebook acts differently for European users?
Not that I allow any advertising here, mind you - everything is blocked at the router (ipset [1] comes in handy here), at the client and in the browser. This works at home as well as abroad since I route all my data through a VPN (OpenVPN) terminating at my router.
Drawn to its logical extreme, you don't need regulation to be protected from racketeering if you run a restaurant either, you can just hire private security and arm yourself.
(Security Keys are actually way more anonymous than I'd even thought possible until I understood how they work, if you know Susie uses the same key for DropBox and GitHub, and you suspect Susie also uses this key for the account NumberOneSecretTrumpFan on GitHub, and then you steal all the account credentials from GitHub somehow, this doesn't end up being enough to verify that Susie has the same key as NumberOneSecretTrumpFan, nor is it enough to sign into Susie's DropBox account, and unless GitHub's data includes the backup passphrases or whatever it's not even enough to sign into GitHub as Susie, NumberOneSecretTrumpFan, or any other Security Key user...)
Plenty of other online and offline ways to connect with the people in your life.
The government should have bigger fish to fry than trying to regulate the distribution of information that you have and continue to willingly provide to a company. If you don't like it, sure government could jump in and make Facebook just how you like it, or you could delete the info you don't want them to have. The later sounds easier on everyone.
There are some things users/people did not sign up for and cannot (reasonably) opt out of that still harm them. This is what regulations are for.
Unfortunately, whether you created a profile or not, you can't just "not use Facebook" with their whole shadow profiles.
Sure, they aren't (currently) pumping waste into the environment. I'm not saying those things aren't important, but I do think we're going to look back 10 years from now and wonder how we let Facebook even get this bad.