Facebook isn't the only source of information, and in fact, I'd argue, more misinformation exists because of facebook, not more control.
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.