Earlier quoted context omitted.
I'm afraid it won't work well without extra regulation laws. Even if Facebook is broken, it has shown the way. Before, it was MySpace (although it was never so popular). If someone breaks FB, the strongest competitor living in its shadow will step up. I think it is the nature of certain services to centralize. Search engines, social networks. Unless someone forces them to inter-operate, it's winner takes all.
The US government should take possession of all Facebook shares and use the profits to fund universal basic income. I don't think anyone would complain... Except a tiny percent of the population who owned Facebook shares but who cares, they're evil/morally bankrupt anyway.
That’s aside from the fact that whole idea is ridiculous to begin with.