Yup, you've predicted it right, young man chu.
It's sad that the majority of Facebook users are outside USA. Virtually unknowing how much their data is used and profited from.
Regardless, it's still a step in the right direction that this rampant theft of data by fb is finally addressed. If you're in the US you should take this opportunity as soon as you can as the deadlines will range from July 26 as the earliest and September 7 as the final approval hearing. Good luck!