In a better world, I might hope for this to be the beginning of the end for social media and online ads. In this one, well…
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Other than myself I only know one other person who has quit Facebook over this, so I very much doubt that advertisers will stay away. It took a lot more for them to leave Twitter, even after Elon told them to fuck off and sued them for not advertising on his platform.
Everyone I know that would have left Facebook over this already left years ago during other scares/changes/security issues.
I dropped it cold Turkey about 9yrs ago and never looked back.
I remember back when Elmo took over Twitter and advertisers could be shamed into quitting. But slowly they all crawled back. Hopefully it will stick this time.