Eh, maybe. But worst case scenario at a casino is you blow your life savings. Worst case on Facebook is you waste a few hours of your time being bored.

Additionally, if we do introduce social media regulations (shudder) you can guarantee Facebook will have a hand in writing/influencing them to benefit itself and hurt any startup competitors, as the article argues.

I wouldn't be opposed to basic data protection laws, but I'm always wary of "oh just regulate them" as an automatic cure-all for when we don't like how a company behaves. There's almost always unintended consequences.