Column: Many are horrified at the notion of Elon Musk taking over Twitter, in part, because social media is unregulated and we have no idea what to do about it.
Tesla is not going private. Chief Executive Elon Musk said so Friday.
That raises all manner of questions about privacy, free speech, crime and consequences — none of which anyone, including the people making billions off the various social media sites, seem willing or able to answer. Facebook has connected family, friends and lovers while also being being a favored gathering place for all manner of terrorists, white supremacists, COVID-19 deniers and insurrectionists. Instagram, Snapchat and TikTok have boosted businesses, made careers and kept visitors entertained and informed, while also causing anxiety and depression among many of their users, particularly young women.
The biggest problem is that we all know all the downsides of social media and we all keep using it anyway. Sure, we complain about every aspect of it — the food and vacation porn, the vicious attacks, the manipulation by Russian bots. We nod ruefully when doctors tell us our insomnia/migraines/racing heart might improve if we stop doomscrolling at least an hour before bedtime.
There’s nothing “social” about a multibillion-dollar industry. Facebook made $9.2 billion in profits during the first three months of 2021 . YouTube makes about $15 billion a year for parent company Google and in 2021, TikTok’s total revenue grew 70% to $58 billion.
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