Data Access Is the Prime Mover of Regulation, Right?

Rounding out this 3-episode arc of the current state of social media platforms is the question of government regulation. We know social media companies aren't as forthright as they could be about how their platforms work. And we know social media has fundamentally impacted politics and our health. So what's the government doing about social media? Top executives across Meta, Twitter, TikTok, YouTube, and Snap have all been grilled on Capitol Hill. Lawmakers have introduced bills that try to take on issues like addictive algorithms and surveillance advertising. But so far, nothing concrete has taken shape. The European Union is way ahead of the US in regulating social media. So what will it take to catch up? And more importantly what does effective regulation even look like?