It is, and same is claimed in their privacy policy and ToS. According to the original article it will include, what is already being collected:
User phone numbers
Other people’s phone numbers stored in address books
Profile names
Profile pictures and
Status message including when a user was last online
Diagnostic data collected from app logs
Along with possibly: Purchases
Financial information
Location
Contacts
User content
Identifiers
Usage data and
Diagnostics
A little more than contact lists and phone numbers.