For a peek at where we're going with this, in the potential to return our social media platforms to open protocols, and content creation restored to personal ownership, I see Jack Dorsey crossed this bridge well before Elon's takeover. It also provides credence to the dogshit-investment-grade-asset Elon acquired, the concepts behind Web3 are valid and supported:
https://news.yahoo.com/bluesky-potential-twitter-alternative-being-111738532.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr'
So Dorsey and team have been working on a new social media platform, using open protocols, called "BlueSky." It kicked off in 2019, and builds a new, decentralized social media protocol. That protocol is essential for core function, but also allows a user to 'port' content from one platform to another, as if your one post could be presented in textual transcription in one app, linked to a voice recording in another, linked to a video on a different platform... because those alternate platforms have also adopted the new standard.
This is what Web3 should be, but we're a long ways off from "neutralizing" content ownership out of the host-ecosystem, and into an open-air medium that all platforms agree to adopt. It will also be the absolute ruin of Facebook products as we currently know them.
https://www.theverge.com/2022/10/19/23412482/bluesky-at-protocol-decentralized-twitter-social-networks-app
There is one problem with this, in that Congress already knows about it. Your weight of tinfoil hat may vary, but let's assume they WILL have controlling interest of the same underlying protocol. Thumb to page 40 of the transcription from the Subcommittee on Communications and Technology, dated March 25, 2021: https://www.congress.gov/117/meeting/house/111407/documents/HHRG-117-IF16-Transcript-20210325.pdf
Wikipedia background on the 'BlueSky' protocol initiative: https://en.wikipedia.org/wiki/Bluesky_(protocol)