Bluesky COO warns social media regulations could entrench Big Tech monopolies and harm startups

Summary

Bluesky COO Rose Wang warns that increasing government regulations on social media, including bans for children, could inadvertently strengthen Big Tech's monopoly power by creating compliance burdens that only large companies with deep pockets can afford. The article argues that current regulatory approaches risk regulatory capture by established players, potentially stifling competition from smaller startups like Bluesky and reducing the diversity of social media platforms available to users.