Seeing as this goes against WhatsApp's previous policy of never sharing your information with its parent company, this update to the terms is understandably rubbing many the wrong way.
Fortunately, you can opt out and remove yourself from the whole situation very easily. Here's how:
The pop-up that appears reads, "If you tap 'Don't Share', you won't be able to change this in the future." And they mean it. After you follow through with this action, the option will no longer be visible from the Account section of Settings and there is no turning back.
On the bright side, your account information and app usage won't be shared with Facebook anymore. Though, it doesn't say whether it has already shared your information or whether, if shared, that information will be redacted.
