I think people don't always realize what they are sharing though. If an app tracks your location it means it also tracks what places you like to shop, what type of food you like, what doctor you go to and where you work. Now maybe this type of information isn't being used at the moment but toss all that Big Data into some ML and you can easily be targeted by other companies for a whole mess of things. Wait til health insurance companies buy that data off of Meta. Your rates could go up because they assume your lifestyle from your movements.

That's great in theory, but not everyone (like children and the non-technical) will understand the full implications of what sharing too much information can result in (like identity theft, targeted harassment, stalking, misinformation campaigns, etc). Stopping companies from putting people in a dangerous position is plenty reasonable, and is not some sort of abdication of peoples' personal agency (to be harmed?).

"I should have the right to have my information be n-times-resold to some shady third-party company where it will eventually result in fake student loans being taken out in my name!" - no one, ever.

No one chooses to "productize"/ commodify themselves for the benefit of Meta (as opposed to when people do so for their own benefit, e.g. streamers), but people have been forced to accept being commodified by large companies as a prerequisite to accessing online social spaces, and that's bad.