Facebook through influence on audience has power to wreck political and humanitarian situation in any country in the world right now. TikTok potentially has that power 5-10 years from now. Whatever solution you find to Facebook will also mostly apply to TikTok.
I'm not convinced. In fact I believe young people today are much more skeptical and competent about media use than the older generations. My anecdotal data points are mainly the fact that almost all conspiracy believers I know are >40 years.