What type of discovery would you like to make? It seems to me that whatever fb has they control and do with as they please and have the money for lobbyists and lawyers to corporate-splain their actions away and pay the occasional fine (cost of doing business). I'm having a hard time understanding why any of what is known is at all a surprise to someone who understands tech.
Showing how billions of people's psychological profiles can be algorithmically weaponized against them would be highly informative I would think. That way the average user would understand the types of things they are "consenting" to when they write a blank check for their personal information.
If a qualified person was asking the questions, the public would then know the reality of the situation, as well as get a decent look into how honest Mr. Zuckerberg is.
I suspect what we watched was fairly well scripted theater, right down to the humiliating booster seat as well as the talking points cheat sheet that he "accidentally" let a reporter get a picture of. This wasn't about discovery, truth, or justice, it is about shaping public opinion.
But hey, maybe I'm wrong, maybe what comes out of this will be some reasonable regulations that the technical community will more or less agree do in fact provide substantial improvements to privacy of individuals. I'd happily take the other side of that bet though.
I am of the opinion that if we let FB continue in its reckless treatment of its users data, people will eventually flock to a better platform when one emerges. UseNet/IRC were much better social platforms for privacy, but the ease of use/convenience much worse.
I am glad of this whole debacle simply because people won't act like I'm a freak anymore just because I won't use FB.