[lightspot21]

> It’s not as endemic as you make it out to be or there would be a public outcry.

It's a matter of time. Even if it's not endemic in the US (which I severely doubt) it's endemic elsewhere. Don't underestimate the public's ability to put up with things, especially if they are mostly kept in the dark about the most sinister effects.

> Banking and social media are also two very different industries. One is essential while the other is mainly bread and circus with a myriad of alternatives

Both are essential. Social media is what you make of it. It can be bread and circus, yes, but it is also an invaluable tool for communication. Losing access to them can stifle your communication efforts by a lot. Why, you may ask? Because network effect is in full swing: "Phone call? Who still does that? Just use messenger like a normal person". No one's gonna bother to call you or SMS you cause 1) you're not on messenger or whatever app they use and 2) can't be bothered to contact you at your preferred non-app way, when the whole friend group has a group chat from which every single interaction and update is broadcasted to everyone. In the end, keeping you in the loop is too much work, and then you start missing out on outings etc. And even if you somehow persuaded all of your friends to use alternative methods of communication, 99.999% of the planet just can't be bothered, especially when they have friends that are reachable over 5-6 different apps, one on each friend.

Don't underestimate the network effect.

[chaostheory]

Facebook’s brand has been all but destroyed. The Quest 2 is prime evidence for that. It’s an amazing device at an amazing price that didn’t have as many adopters due to meta’s past reputation.

Social networks are not an essential service. There are other social networks and there are other forms of communication including SMS which is standard on all phones. If you’re not willing to pay for a better service like iMessage instead of an ad supported one, that is your problem