I think the heart of the issue is mental health not being tangible enough for a common man, not being able to easily see and identify the plethora of spectrum like how a simple cough and cold flu might look and feel like; is what drives these companies to billion dollar valuations.

Until the society changes its outlook towards mental wellness, no amount of regulations or Government oversight might solve this and we'll continue to have the next generation of Meta or TikTok ready to kill humanness in humanity further.