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based on what?

Well, many widely disseminated comments by Zuckerberg are a good start (the Holocaust Denial comment being the most recent). It sometimes seems like they are trying to p* off people and daring governments to regulate them, though I'm sure that is not the intent. And then there's that conference call, for which the only logical explanation is that it was delivered from an alternate universe.

An internal memo from outgoing security chief Alex Stamos outlines a lot of the issues, here's a link to a Buzzfeed article about it:

FB began easing out Stamos last December, before the Cambridge Analytica mess put a spotlight on the problems. At the time, he was kind of the canary in the coal mine, though it's not necessarily fair to say this was the reason he was eased out. From what I've heard, he is a visionary on security strategy in today's world, but he is not necessarily the best person to lead a team to execute said strategy.
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