And your home feed would be a direct and unfiltered view of what all your friends posted
And it was a feature added later when they wanted to compete with Twitter. Prior to that, no home feed. Just profile pages, a la MySpace. And it was glorious! It was so much fun to leave wall messages to friends, and see whatever others have posted in them too.
When the newsfeed came about, I remember thinking "I don't like it. It's stupid!" mainly because I knew it was a reaction to Twitter. Of course, I got used to it eventually.
But yup. Facebook back then was a neat tool. Not the cesspool that's been for the past 10 years.