This is what Facebook was when we all signed up almost two decades ago. No one ever wanted a feed of people they didn't know. Free social media is inherently corrupt as they chase profits abusing the user base.
Facebook was refocusing on friend and family content before TikTok came along. But they had to adjust to the TikTok trend otherwise they would have lost market share or potentially lost the entire market.
You might think you want friend and family content, but actually you don’t. Not as much as you want engaging content.