Like the alcohol, tobacco, pharmaceutical, transportation, building, and gun industries (to mention just a few), America needs to regulate social media companies to provide more consumer safety, privacy, transparency, and protection against the dangers of monopolies.
How can we do this? I don’t know. The answer is above my pay grade.
But we need to figure this out fast. We need to protect the safety and privacy of the consumer while also requiring social media companies to be transparent in what they do. Preventing social media monopolies will help make sure the above happens.
Let’s all work together, and with our elected representatives, to fix this growing problem. In the meantime, here are a few resources I think you might find interesting and, in some cases, eye-opening.
2021 Digital Marketing Prediction: Backlash Against Social Media Algorithms by David Meerman Scott