No, I’m going to give them full kudos here, not the cynical “they have to be careful because reasons” type of kudos, but the full-bodied rich in flavor type of kudos. I created my account in 2007 and would regularly check the privacy settings every time they made a change of any kind up to the point I stopped using and later removed the account over a decade later.
Not one privacy setting that I exerted manual control over ever changed out from under me. Whatever controversies they came under in that time with all the additional accompanying scrutiny, this aspect never changed. Perhaps there are counter examples out there, but that’s how it was for me.