This is some serious horseshit by Arrington. Only a fool would believe this[1]. Facebook's entire history is anti-privacy from the very beginning (here's a nice list: http://pleasedeletefacebook.com) and they do their business a disservice by not collecting as much as possible. Facebook users don't care about privacy; it's the reason they still use the service even after every privacy violation.
Trying to spin this into a Facebook vs Google match is absurd. Facebook wants all of your data just as much as Google. They're called Big Data for a reason and information is their currency.