Shut em all down !
https://en.m.wikipedia.org/wiki/Facebook–Cambridge_Analytica...
https://www.ftc.gov/news-events/press-releases/2019/09/ftc-s...
https://www.npr.org/sections/thetwo-way/2018/04/03/599069424...
If you can't give a shit about the security of your user's personal information / safety , you shouldn't exist.
You need to self regulate though and assume all data you give these companies will be sold. At this point unless it's ride sharing , apps don't get my location. If they means I can't use the apps, that's fine.
It wouldn't be the worst thing if tommorow Social Media was effectively banned. It's done enough wrong in the world
Yes they will suck during the first years, get barely enough customers to survive, but eventually they will get there with enough perseverance.
The current administration is only making everyone aware that the globalisation days are over.
Neither the companies (Q-on-Q) nor the politicians (4-6 years ) have long term incentive to do lasting change by pushing unpopular policies.