Yes they will although things are moving quickly out of the reach.
They simply cannot keep up with technological development. At this point, they are basically powerless against mega-tech. They can grandstand like they are going to do something but, in the end, Facebook and the likes simply extends too far.
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People def. need to stick together and throttle in FB and the like. Ultimately we can vote with our feet, and of course thrive in the hive 👍