One other way to look at this narrative is "Facebook provides bicycles as an employee benefit. They are to be used only by employees. When someone took them off campus, Facebook assumed theft and notified the local police. When they discovered that the person was in fact a Facebook employee and entitled to the use of the bicycle, they dropped the charges."

You can still argue about the legitimacy of private corporate-owned property as an employee benefit at all, along with the potential racial profiling that led people to assume that a Hispanic man was not a Facebook employee. But I'm not sure that their actions would've been all that different if it had been a white brogrammer that took the bike home - they'd probably call the police, the police would investigate, and if it was found to be an employee, the charges would be dropped.