Saying "we can regulate" is true, but so vague as to be an empty statement, in my opinion, and previous regulatory actions against tech giants (mainly Microsoft) have been - again, in my opinion - simply exercises of extracting money with no benefit to the consumers.
Which regulations would you like to see implemented on Facebook & co?
And by the way, I'd love to see a definition of "market failure" as commonly used that isn't essentially "the market doesn't do what I consider best". People like to (rightly) criticize the liberal right by pointing out that markets are just a tool, but that should come with the realization that a bad outcome can arise without being a flaw in the tool. If the allocation of goods and services is efficient, the market didn't fail, even if the outcome is not socially optimal. We just didn't use it correctly.
Which regulations would you like to see implemented on Facebook & co?
And by the way, I'd love to see a definition of "market failure" as commonly used that isn't essentially "the market doesn't do what I consider best". People like to (rightly) criticize the liberal right by pointing out that markets are just a tool, but that should come with the realization that a bad outcome can arise without being a flaw in the tool. If the allocation of goods and services is efficient, the market didn't fail, even if the outcome is not socially optimal. We just didn't use it correctly.