I do believe the counterpoint kills the idea, is what I meant. A geographically splintered internet(or rather, geographically splintered "social medias") would just lead to a service showing up that is international and will grow a majority again and the whole cycle begins anew.
The only way I can see this happening would be different instances for each country, as in things would get moderated based on the country laws in question, which I suppose could work in theory, but at that point having enough support staff to actively moderate on a country by country basis is doubtful given how it is currently.