Yes, though I feel like people are finally (slowly) waking up to the problems here. Both the US and the EU are finally looking deeply into Facebook and other big tech.
I don't think politicians are going to solve the problem for us entirely, but a bunch of us have been working on technical solutions for decades and they aren't the entire answer either.
A little regulation combined with the right alternatives may go some way. I'm optimistic, though we have a very long road ahead.