Do social media and Other Platforms Require Greater Regulation?

Abstract

Social media and other platforms play a crucial role in modern society, influencing information dissemination, shaping public opinion, driving economic activities, and affecting political elections. However, with the rise and development of these platforms, a series of issues have emerged, including privacy concerns regarding users' personal information, platform data storage, platform monopolistic behavior, and abuse of media regulation by both the public and the platforms themselves. This paper aims to discuss the role of social media in the development of media from traditional to digital forms, the existing means of regulating social media platforms, and analyze the monopolistic behavior of leading companies in the platform capitalism context and explore the necessary forms of regulation for social media and other platforms.