I think it’s an interesting analogy, but it’s also a fundamentally flawed one and doesn’t apply.
That problem does exist with countries. The mechanisms for trying to fix that with regard to countries, are things like democracy, revolutions, investigative journalism, and international pressure. We tend to be conservative about how we try to change our countries because most people’s livelihoods and even lives depend on our decisions.
This is absolutely not the case for a social media company. It’s just a capitalist corporation. One of the asserted benefits of capitalism is that we have competition and companies can simply fail if they don’t serve our needs or be shut down if they end up being harmful.
I.e. We have to tolerate countries that do bad things and the struggle to fix them is long and hard, because the costs of a failed state are enormous.
Unlike with states, don’t have to tolerate bad companies, in not tolerating them, we create the opportunities that lead to something better emerging.