Earlier quoted context omitted.
It's not about Facebook, it is about some startup you have never heard of that actually is doing something positive for the world and suddenly finds its business smothered by poorly thought out regulations. Considering that we have powerful congressmen who do not even understand Facebook's business model (and whose staff failed to explain it to them) does not give me confidence in Congress' ability to craft construct…
That's a terrifying possibility. Are there any actual case studies and examples of tech startups being killed by regulation? Or is this a campfire story that is retold whenever the possibility of regulation is mentioned.
Similarly regulations in favor of privacy for citizens is going to naturally result in some companies, somewhere, having to adapt or take a hit or possibly not survive the transition. That doesn't mean we shouldn't implement those regulations because ultimately the larger monopolistic companies pose a far greater problem than the smaller startups can solve.