Somehow I can't see Facebook volunatarily scaling down, and even if they did, it would leave a gap for a "global" network to take its place.
It's long overdue that we remembered that the very notion of a corporation is a creation of society. Corporations have no natural rights whatsoever because they don't naturally exist. It follows, then, that societies have the right to impose any limits and prohibitions when chartering corporations that don't discriminate against their owners (i.e. so long as restrictions apply uniformly). This includes limit on company size, its marketshare etc.
It stems me positive to read this by a user with a 2012 HN account though! Nice.