Soros Says Facebook and Google Need More Regulation

The transcript discusses how social media companies maintain dominance by expanding networks and increasing user engagement. Content providers contribute to profitability as they must use these platforms under offered terms. The companies avoid responsibility for content, claiming to be mere distributors, which raises the need for regulation due to their near-monopoly status.

In what ways do social media companies avoid responsibility for the content on their platforms?

Why should social media companies be subject to more stringent regulations?