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To curtail harassment, nerf the outrage machine (algorithmic newsfeeds) and ad revenue biz models.Speaking only on the money side of this, that is a very easy (and popular) thing to say, but a very difficult thing to do. How would you support these services without the ad revenue business model? Most of the other business models people have tried do not pay the salaries of the network operations people required to run the service.
And I can only imagine that even today people are still going to be reticent to pay for most of the social media services they get online. Most will just wait for another free social media service to come along.
To rid ourselves of ad revenue based business models and algorithms, we need to find, and prove, new business models that work at scale. They don't have to rake in as much money as ads, but they do need to pay for operations and the resultant salaries. And that's not a small amount of money at scale.