I think that the problem is that Meta has normalized this violation so it doesn't feel like a big deal. It feels watered down even for someone like you who appears to be very aware of the problem.

It's like exploited workers and people living in quasi-slavery, many of them don't understand their rights and "voluntarily" waive them. My parents didn't really understand the implications of "voluntarily" accepting Meta's privacy statement - once I explained it to them, they were in complete horror.