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> the second option is extremely costly and difficult, which is a consequence of the scale and influence of Facebook

Is it? Suppose that instead of Facebook we had a federated social media with ten thousand independent operators and ten thousand ad networks. Then there would be ten thousand ad agents (really automated websites) who compete on price and whose job it is to place your ad in the ten thousand ad networks.

Drug dealers would still try to run drug ads, wouldn't they? What would be any different? The internet has the scale that it does whether the service is centralized or not. Centralization/monopolies are the cause of many problems but not every problem.





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