Not sure if this has been mentioned but Zuckerberg is there to run an age old scam. He wants to be regulated because he can afford to be regulated. It will be much harder for a new platform that might compete with Facebook to incur the associated costs. Standard Oil part 243,961. But this is worse because it potentially limits how people can say what they want to say. The old school Robber Barons were just stealing money and power, and a slice of a market. Tech savvy Mark and his puppet masters are stepping it up a notch.
Now Zuck, whose product started because he couldn't get laid and evolved into one that has live broadcasts of the mentally disabled being held captive and beaten will help us define hate speech while ensuring privacy? Cool.