Facebook is used as a platform to attack Rohingya muslims in Myanmar and Sri Lanka. Over 600,000 have been forced to flee the country. https://www.nytimes.com/2017/10/27/world/asia/myanmar-govern...
Politicians have hired companies to mine Facebook data of millions of people for use in their campaigns. https://en.wikipedia.org/wiki/Facebook%E2%80%93Cambridge_Ana...
Foreign governments use social media accounts to spread disinformation and destabilize elections. https://en.wikipedia.org/wiki/Russian_interference_in_the_20...
.....But this whole "regulation" thing is clearly overblown. It's not like there are serious consequences to having multiple Big Brothers that not even the state controls. Right?