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Because we need regulation of new technologies and to address issues that are becoming endemic and long-standing enough that the general populace genuinely understands them.in my view, regulation is not the answer. what's happened, from my perspective, is that only a small handful of platforms have gel'led into place, have come to take over all of our social media world. this is largely via a system of rampant acquisitions/anti-competitive behavior, & enormously high switching costs of leaving any given network.
we need more people engaged & trying to find answers. we need more networks. we need new ways of networking, new ways of moderating, at scale. the current contenders are mostly well over a decade old & have rotted into place, and trying to regulate these vast networks is not going to bring us to a better place. we have to really journey, to better, less dull places, via innovation & competition.
personally i feel like social networks are elemental to freedom of speech & democratic practices in the world today. if we as a public value speech, believe it important for public good, i would like to see funds set up to fund development & running of public good works. we should fund the fediverse, we should fund people trying to build helpful moderation tools; we should practice actively the values that are important to us.