The Wall Street Journal reported that Meta plans to move to a "Pay for your Rights" model, where EU users will have to pay $ 168 a year (€ 160 a year) if they don't agree to give up their fundamental right to privacy on platforms such as Instagram and Facebook. History has shown that Meta's regulator, the Irish DPC, is likely to agree to any way that Meta can bypass the GDPR. However, the company may also be able to use six words from a recent Court of Justice (CJEU) ruling to support its approach.
You can alleviate this by using a VPN, configure you browser to minimize fingerprinting and use NoScript which allows you to block their trackers on third party websites.
Firefox's creators also have an optional Facebook Container add-on which will sandbox all Facebook cookies in their own Fb-only bubble, for those who still want to use it: https://support.mozilla.org/en-US/kb/facebook-container-prevent-facebook-tracking