Just sitting down to read that NYT article about Facebook and lawd, these folks are horrid!!
One of the biggest problems is that these companies have become publicly traded behemoths that are exhibiting all the signs and falling into all the pitfalls associated with corporations that are on the Wall Street treadmill. The quest to chase dollars and expansion coupled with the tech ethos to "move fast and break things" all make for an ugly combination results-wise.
What the U.S. desperately needs is more competition.
We're at the point in tech that telecommunications were at about 20 years ago (especially ironic since the FCC Chairman clearly doesn't want tech/ISPs etc. to be regarded and regulated the way that telecommunications currently are-- as a service), where the Ma Bells, etc. and a few other mega-companies who had the lionshare of the market and choices were exceptionally limited and the consumer had to put up with it until they were ordered to break the hell up! Then an opportunity for some new companies to come along. Some of those companies flopped, some were absorbed into larger companies but there were a few that remained independent and regional/local and to those consumers in those areas, it has made all the difference in the world.
We need more of that.
Amazon, Facebook and Google are all especially ruthless companies in the way they drive the financial and consumer marketplaces.
Unless there are a bunch of companies that can set up shop, in regional and local markets (a la Cricket wireless...oh, but you laugh...!), we're doomed to put up with these corporate behemoths moving fast and loose (and carelessly) with our data and our wallets/pocketbooks.