I would love to stop using Facebook, Instagram or Whatsapp, but I would really need to criple my social life if I'd give up on any of these. And I'm not even a very active person, it's just that so many people I want to engage with have a huge chunk of their lives tied to one of these.
I can't understand the people saying there is a free market choice here, this can only be solved with simple regulation that targest large platforms.
If the SEC can use its judgement on what constitutes a security, than we can have a social media comission to oversee Facebook.