I don't believe it a single bit. They are hiring a bunch of engineers right after school, and a lot of engineers still believe that FB is a good product because they're using it on the daily.
Very anecdotally, but I've found that fresh grads are more likely to avoid FB because of the reputational issues vs more senior engineers (who might have families to support or might cynically believe that all big cos have questionable anyway and FB isn't special in that regard)
