Maybe you could. Twitter and Tumblr seem to be about the same modulo the length. Isn't the advantage of Twitter its shortness? Maybe we'd discover what the advantage of Twitter is.
And perhaps Facebook is the same just with better networking features. Maybe we should try to write federated Facebook and Twitter clones to prove it can be done.
Whether or not such a requirement would be good for privacy is an important question.
The list doesn't help if your friends aren't on the other network. HN loves to come up with technical solutions to the problem of Facebook when it largely isn't a technical problem, it is a social one.
Imagine, which Google+ launched, how things might have gone if 5% of Facebook users could have moved their own social graphs to G+ with two clicks of a mouse. If everyone had 100 friends, and those friends were uniformly distributed (all stark simplifying assumptions), then a huge fraction of the global social graph could have been moved to the new network by a small fraction of the users.
Social media has no such incentive, so how could a regulated federated standard work? Even if it could, who would pay for / provide the development? The social media companies certainly wouldn't (https://xkcd.com/927/), and governments wouldn't for largely the same reason.