The stupid internet rumors and social media manipulation? Bullshit because they want to influence people - they don't care if it is true or not. Company valuations? They don't care if it is productive or useful - they just want it to make money which leads to the new Tulip craze. Security theater and claims that they need to spy on everything? Bullshit to justify their positions and cover their asses. It isn't a technology - it is the social black art old as dirt that keeps being used. It causes problems everywhere because it exists on a nearly fractal level.
We see plenty of people blaming tech companies for their problems and calling for regulations? Do they care if it is true or have any idea for specific regulations in mind? And the few that are trotted out turn out to be trivially unworkable or contrary to the given purpose on so many levels like encryption bans. Because it is all bullshit - what they want is to protect their own vested interests and they don't want the truth in the same building of a skyscrapper, much less the same room because they will lose in a discussion of facts.
I would be very skeptical of anyone who claims that we need regulation on the internet - because so far all of the pushers are shoveling more bullshit.