The danger of social media on a user's mental health has been well documented, bullying, doxing, cyberstalking, and algorithms to anger users or even spread hate speech - as anger often triggers clicks, become traumatic and dangerous experiences for countless users. Many of these social media platforms have also repeatedly proven themselves completely inept at regulating content on their platforms. On Facebook alone scandals and failures keep cropping up in recent years, such as the spread of misinformation during elections, censoring photography Vietnam War Photography, or refusing to curb the spread of hate speech and violent extremism, to name just a few.
Twitter's track record is not much better, but while regulating social media may pose risks, going too far may be seen as censorship and there may be some economic ramifications, the problems are too severe to ignore. Social media companies should be regulated like any other media company, this doesn't have to mean making them less competitive, but should protect users from algorithms that might harm them, society, or democracy, and protect them from bullying. Lying needs to be rejected, not fact checked, as social media companies need to do more to take libellous, slanderous, and bullying posts and materials seriously.