I don't think age matters. We all do/say dumb things, period. I suspect very few people would be happy to be represented by a worst sentences they've ever typed or uttered. If you really want to make a case that Facebook shouldn't be trusted with privacy issues, base an argument on their previous privacy failures rather than something the CEO said years ago.
It's really hard to change a person's character as they get older. In general I think that by the age of 18-21 most of our ideas of right/wrong and how to behave and treat other people are pretty much established.
tl;dr It's hard to stop being an arrogant asshole. I feel bad for the guy.