In the words of meghan trainor. NO

No. First of all, no.
I installed, I read the info where it clearly said "only you will see these labels ", then stupidly labeled.
This app spammed my labeled people with app invites! Not only in pms but notification after notification! Deleted right away. When this becomes mandatory, Ill be deleting the fb app and like those commenting below me, will only use Facebook via the browser.
This is the first time Ive had a complaint about anything fb related. I like change! And Id like this too if you allowed me to use it without spamming others. So disrespectful fb.

Cerinee about Moments–private shared albums, v4.2