You realize that video slots, financial software, HR software, legal software, educational software and MANY more all have some amount of regulatory compliance, right? Do you think social media is special somehow and should just get a free pass when aspects of it have been shown to be potentially dangerous?

I do. Social media is how we communicate with each other - governments should tread extremely carefully.

It is not governments job to ensure that certain viewpoints are not expressed or that people stay ideologically influenced by the views of other people.