In the US, publically traded companies have a legal obligation to make as much money for their shareholders as legally possible (See Ford getting sued by shareholders after giving workers raises). It would be borderline illegal for a company to adjust their algorithm in a way that makes them less competitive.
This needs to be regulated by government, not the companies themselves. Thay would mean that the companies would be forced to all change their algorithms at the same time, and not impact their competitiveness.
So the government going after tiktok is a good first step, IF it does the same thing to Facebook / instagram / YouTube / snapchat. But I’m betting it won’t be because those companies spend an absurd amount of money on lobbying.
you posted this on a open source platform that someone bothered to create.