Maybe the goal is to make complying with the regulation so cumbersome (but ultimately ineffective) that competitors, who aren't already large and profitable, ha

Maybe the goal is to make complying with the regulation so cumbersome (but ultimately ineffective) that competitors, who aren't already large and profitable, have no way of entering the social media market? They can have their cake and eat it too... oh we'd so love to prevent "horrible thing" from happening again, but you know the government won't let us ;^)