Good luck supporting a $trillion valuation on the basis of a "healthier place".
The business of social media platforms is to maximize profit by monetizing their user base. Friedman instructed MBA students that they must pursue this diligently, using any and all legal tricks in the book.
Yes sure, as good managers they need to protect long-term shareholder value. They should, in general, want to strike the right balance that will be maximally extractive without incuring uneconomic fines, or unduly damaging the reputation of the platform. With all the top brains in the payroll this is an optimisation problem that seems easy to crack.
For as long society thinks this business model is kosher there is really nothing to do about it. If we want to ever turn a page and start worrying about more serious problems we simply need to move on to open source decentralized media.
Yes sure, as good managers they need to protect long-term shareholder value. They should, in general, want to strike the right balance that will be maximally extractive without incuring uneconomic fines, or unduly damaging the reputation of the platform. With all the top brains in the payroll this is an optimisation problem that seems easy to crack.
For as long society thinks this business model is kosher there is really nothing to do about it. If we want to ever turn a page and start worrying about more serious problems we simply need to move on to open source decentralized media.