I agree very much, they are digging their own grave. People leave Fakebook in droves and have been for a while. I think that the population in America and many other countries see the censorship and restrictions and we are naturally inclined to steer away from that. Look at how many people could care less about the mainstream news and those bogus award shows. They keep crying that the shows are getting viewed less and blame all kinds of sources except the fact that people aren't putting up with their crap anymore.
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The boring entertainment like celebrity idolization and award shows sure, but ppl still flock to entertainment. Funny videos and memes are much more popular for now, maybe that will shift in the future where info is more desired that nonsense...