As much as social media companies like to preach about how they are trying to bring the world together, they are under a fiduciary duty to shareholders to maxim

As much as social media companies like to preach about how they are trying to bring the world together, they are under a fiduciary duty to shareholders to maximize profits by any legal means necessary (including telling the world that their products are good for them to gain users, kind of like what smoking did back in the day). Remember, your usage and engagement is what drives their ad revenues, it drives their product metrics which get reported out at quarterly earnings calls for shareholders. The only incentive they have is to make the product just legal enough to avoid scrutiny and to maximize profits as much as possible. Given this situation (much like we have legislation for smoking advertising, a type of proto-social media, and we have the FDA for pharma) social media absolutely needs to be regulated. It is another form of junk food for the brains and it is visibly damaging our society and our future generations.