> I will not knock a company for wanting to maximize profits.
This statement only exists in a vacuum. The only way you can truthfully make this claim is if you can put absolutely anything inside the blank in the following sentence:
"I will not knock a company for wanting to maximize profits, even if they ______"
> If I owned a social media, or any product really, I would want to do everything I can to keep them coming back.
Again, you should be able to place absolutely anything in the blanks here and still believe in your statement:
"I would want to do everything I can to keep them coming back, even _______"
> I feel like as long as it isn't illegal
Slavery was legal for a very long time, and had its own "best practices".
> Should a competitor arise and do it better then That would be fantastic!
Yes, what this world needs is a cutthroat surveillance complex even more smart and ruthless than Facebook.
> But I have respect for them from strictly a business point of view for staying above water as long as they have.
Facebook hasn't even been around for two decades. My grandmother's small business has been around longer than that, and she doesn't have a board of advisors.
> I just wish there was a viable competitor.
This entire argument feels like a strawman. No one is saying Facebook needs a competitor. People are saying Facebook is too powerful. Any viable competitor would thus also be too powerful.