Facebook is a pseudo government with sovereinty over a type of resource that we have fully yet to understand as a species.
Even more poignant, Facebook's dominance in this regard is much more disproportionate than China's dominance of the world population. (Facebook having a little under half the world's population).
Even though I don't live on planet Facebook anymore, the truth is Facebook heavily affects my life. I don't see how anyone can reasonably argue against this.