You're missing one thing. The reason we have the algorithm and not the latest newsfeed is not because it's better for the users but it's because better for Face

You're missing one thing. The reason we have the algorithm and not the latest newsfeed is not because it's better for the users but it's because better for Facebook to be able to charge the people who create the shared content to float up in the feed. You see the shared meme about the latest new Netflix show before your friends Cat photo because Netflix paid Facebook to show it more often. Netflix is the customer here, you are the product. Again, if you were able to control exactly what you wanted to see with a control panel - that's a simple thing to implement, but that's not what Facebook does/is. It's an advertising platform. "social networking" is double speak.