I think this short write up of the problems of consumer internet companies from a (Chinese) societal perspective is extremely on-point and obviously also applies from a western perspective:

https://insider.techbuzzchina.com/c/policies-and-regulations...

1. Companies burning money in an effort to scale up and obtain a monopoly.

2. Using human weaknesses to design products and acquire traffic.

3. Monopolistic online platforms taking asymmetric measures to collect information from users and infringing on their privacy.

4. Discriminatory pricing.

Sometimes I wonder whether we in the west are capable of doing a similar crackdown? Or we have past the point of no return and companies like Facebook, Google, Amazon etc. are simply too powerful and too politically influental?