I think you only need to look through the short history of FB, see the underlaying trend to quietly or secretly circumvent privacy concerns, nefarious operational tactics etc. to not be surprised the IPO was a con job as well.
Whilst Google does have its own problems, strangely I feel more comfortable with it.
I don't FB, by the way, but i do G+
I think there is something wrong with society in general, though, where you post something like 'Dad just died' as a means of informing siblings and family! If that is the kind of person 'holding a dog' as you say, then I might not have as much sympathy for their case as i otherwise might.
'When Lewis Hamilton wins a race he has to thank Vodafone whereas in my day I used to chase the crumpet. I know which era I'd rather race in.'
SIR Stirling Moss OBE