I wholeheartedly disagree with the type of argument you are making.
X is not an inanimate substance like cocaine. Instead it's you playing poker against the house, when they can see your cards. It's you VS a massive spying machine and 100 PHDs in psychology, and they also will illegally use your data on the side.
That's true of society among many issues. Some people also disagree with disincentives on smoking such as mandatory labels on cigarette packages (which we have in my country at least).
Most societies control all sorts of things that are bad for the majority such as murder, guns, cocaine, switchblades, assault weapons, etc. I believe social media and AI should be on that list also. I get that you don't agree with that and I respect that.