Facebook doesn't want to be a utility as far as I can tell, they want to be a functional monopoly. They want to be so big that people effectively can't leave the platform even if they wanted to.
And then they would use smaller "social media" platforms as a legal defense, even if they don't compete on content or functionality.
And then they would use smaller "social media" platforms as a legal defense, even if they don't compete on content or functionality.