Not really. Every user who experiences is going to accrue anger, resentment, distrust for the platform, and they'll treat it accordingly, and when an alternative arises, switch.
IMO Facebook should totally lay off security confirmations, account bans, and all that stuff because it just antagonizes people, unless the user actually does something significantly harmful to other users experience, ie largescale spamming (not just regular sharing), actual fake news propaganda (not just sharing a political story), actually abusing an account (not just using untrue details to protect their own privacy but otherwise using Facebook in an OK way).
Otherwise, yeah, I think everyone's going to jump ship at first opportunity, because they don't get treated that well as users.
Right, while 99% of people online prefer sharing/social networks to post stuff, content creators / businesses only use those to interact, while they host their content self-hosted.
What I'm trying (perhaps with not great success) to describe is something similar to WordPress, but made more for curation / organizing material found online and shared on pages designed yourself. And also easier to use just while doing regular stuff online (reading, finding stuff, watching videos), rather than having to go into the CMS of WordPress and "create a post"
It's a popular idea right now, but not viable for most businesses, I think. It's good for people who want to make themselves a sort of mini star, and people will send them products and then when they're really big also send them money. Seems so mickey mouse.
These are fine for sharing, but you have no ability to organize the stuff you're curating into a website-like presentation. You also can't control how its arranged (default chronological). I think there's a big opening for something like this, that lets people curate stuff they find and arrange the presentation.
Also, if you're using a platform like FB or Twitter or Pinterest, you can't monetize, so basically you'll never invest too much into it, plus it can all be deleted at any time if its on their platforms.