Regulation as a utility could focus on data ex-changeability. Ie. the "utility" is a certain standard all social media need to support which allows users to int

Regulation as a utility could focus on data ex-changeability. Ie. the "utility" is a certain standard all social media need to support which allows users to interact with people on other platforms, and move their data and identity between them. This would reduce network effects by a lot, thereby increasing competition.