It's not the tech giants that are responsible for the negative effects of their digital products, including various hate crimes and increased suicide rates. It's the ad-driven business model that is endorsed by their investors.
I recently watched a Joe Rogan podcast where he talked to Tristan Harris, an ex-Google engineer and one of the people behind the documentary "The Social Dilemma" (2020).
They talked a lot about the problems of social networks, such as manipulative algorithms and their direct effects on the political climate, which I found really interesting.
However, what they did not really talk about are the billionaires who are the major shareholders of Facebook, Twitter, YouTube, etc., essentially providing the ground for all the problems we are facing right now.
Who are the major investors of these companies? What are they thinking about? Unless they are psychopaths, why aren't they pulling their money out of these ethically flawed ventures?
If the negative effects of social media are so big of a deal, as described in the documentary, why aren't we including the elephants in the room? ~3000 billionaires is not a lot with whom to have an adult conversation.
As a side note, if every person just stopped for a second before scrolling one's biased feed or sending the hate-driven comment and asked oneself "Why I am really doing this?", maybe we would not be even having this conversation.