Blackmail ?
No, extortion!
Blackmail ?
No.
Both individuals AND governments around to world are demanding FB to adhere to the new rules of privacy and censorship.
FB’s only out is to sell out to Government regulations, be deemed a monopoly, gain government(s) protection to replace their current revenue stream.
Yes, get paid by Governments (for their data) and/or gain government protection for what they are able to sell.
Either way they are toast.