It could be less wordy, it isn't perfect. I have definitely run into ones that require going through multiple layers of settings though, so this just seems a lot less bullshit than that.
Looking at the image again, default to not sharing while calling that 'on' and being slightly awkward is definitely not an accident and is probably designed to trick people paying no attention at all.
I mean, isn't that the better way of doing it? One popup, exains everything, gives you the option to opt out in that popup instead of going through settings and shit.
Jesus dude how many tubs of ice cream did you eat last night?