Same similiar thing happened with major newspapers about 100 / 150 years ago … governments realized that if any one group or company had control over all the information without regulation, businesses will quickly figure out ways to monetize information for the benefit of those with all the money and power. They then had to figure out how to start regulating newspapers and news media in order to maintain some sort of control and sanity to the entire system.

But like the newspapers of old … no one will do anything about all this until it causes a major crisis or causes a terrible event … or events.