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I believe what he is saying that government should stay out of company's day to day activities unless there is a clear an present danger. In this case its the data that Facebook recklessly sold does endanger it's consumers.

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But isn't it now very very clear that it is way too late to begin regulation, after the fact of all of this happening? Democracy is threatened. Isn't Tim implying that stronger regulation should be required from the very beginning in tech corporations? But also saying that regulation is stupid and should never exist? I just don't understand what he's trying to say.

Clearly better regulation has always been required. Otherwise we wouldn't be in this mess.

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