I think there are other digital technologies that are also a lot like drugs and deserve similar regulation. I.e. if your social media company decides it wants to be a platform and insert stuff to inflame you or generate more engagement....it's a drug, not a tool for social connection..
I think there are ways you could serve ads and make money as a business, just not as much money, and not be basically a drug. The social media giants choose not to do this of course and will have to be forced.
I am distinctly less libertarian/classically liberal/etc. than the average user of HN though. So I understand that this opinion is likely to get me downvoted. I prefer to think that I live in the real world and have seen the damage these things have caused and am not in a tech-only friend group bubble.
Social media still connects real humans to real humans (sure often badly and trying to profit from it at the expense of users). This however takes the other human out and plugs you into itself, which is a simulated average of humans based on their work taken without consent