No, it is not.
Personal data was farmed since the moment phones were invented. Anyone could "farm" addresses, names and numbers with relative ease. Yes, you can "opt out" of it but, as we can see, telephone directory books still exist.
Many, too many people, do actually WANT to be farmed for the comfort and benefits it gives (in the case of Facebook, targeted ads that promote things you were looking for... yesterday... Linking you to the exact same page you've already seen).
I think this is starting to change with platforms like steemit. I think if someone can make it with a friends network (which steemit isn't) based on blockchain might in the future overcome facebook. Because facebook was made to keep in touch with friends, not to see ads and posts of companies in my opinion and that's what they fucked up. Thanks!