The feed options sound good in principle, although I expect the implementation to be deliberately hobbled. I've tried Facebook's existing (well hidden) chronological feed and it turns out there's so much spam in local groups that I found it unusable.
The bigger issue is the toxic "papers please" identity verification will result in a lot fewer "Australians" on the internet, who will now show up from various VPN endpoint countries, so presumably won't get the algorithm option.
The bigger issue is the toxic "papers please" identity verification will result in a lot fewer "Australians" on the internet, who will now show up from various VPN endpoint countries, so presumably won't get the algorithm option.