The default experience probably sucks, but I aggressively block anything even mildly annoying on my Facebook newsfeed, and I like what's left:

Mostly Simpsons memes, Seinfeld memes, Pro Wrestling memes, Sopranos memes, and then intersections of those memes (Seinfeld Pro Wrestling, Simpsons Pro Wrestling, etc.). Some nerd shit. Stuff from the handful of friends of mine and local groups I interact with who still post on Facebook. Maybe <1% total garbage like what the article describes but I immediately block any groups or users who post anything even slightly annoying. I almost never watch any video content at all. It's unironically better passive content than anywhere else left on the web, probably because all the people trying to be hip have gone somewhere else lol

However whatever their UI is sluggish as hell and I'm surprised this wasn't discussed. You'll click block user/group and it will respond multiple seconds later (on my symmetric 1Gbps FIOS connection) and UI elements will jump around. FB messenger is slow as shit and occasionally will fail to decrypt/load messages entirely, even though it works fine on my phone (don't have regular FB on my phone so can't make that comparison). There's an anti-performance cargo-cult among web devs. Perhaps their metrics only show what it saves them on server costs. But if I did not already use the site it would be impossible to convince me to start.