No, we don’t need new regulations, we need less regulations and an enforcement of the ones we have.
The US has a 1st amendment and strong anti fraud, and anti trust, and anti theft laws. Any and all of these can be directed at Facebook.
In this video he speaks about “breaking up Facebook”. This is what Bill Clinton did to Microsoft, and some people believe that this is what ended the period of excellent economic growth in the US, driven by the computer revolution. This actually makes more sense for Facebook if it leads to an end of their Soviet liked deceptive banning. Which is where Fraud laws come in.
Frankly this deserves an essay by legal experts way above my skill set. But I cannot see how this sort of thing can carry on and not be in direct contravention of half a dozen good and central US laws and regulations.
More laws always become food for tyrants. We see this through the use of selective enforcement across the world. The best and most obvious example, and therefore the one we cannot seem to even get a focus on, is the notion that only the state apparatus should have access to guns and that self defence should be a post hoc thing where you take the rape, robbery, rape or murder and hope the state decides you are enough of a victim to bother getting post-hoc justice for you later, exactly like they did not in the case of the Israeli clarinetist who was beaten by muslims in Berlin in front of a group of police who didn’t bother do to anything for over 5 minutes.
[More on that at Jihad Watch]