In the long run it would not change a thing. Personal data is a huge business, Facebook demise would just put some smoke and mirrors in the media, then their customers would be sucked in by Google and others, at the same conditions.
Limiting corporations power would be one thing but I don't expect any politician to move in that direction when either they're lobbied/bribed by the same entities they should limit, or face the risk of having their career destroyed (search for "mccarthysm").
Limiting corporations power would be one thing but I don't expect any politician to move in that direction when either they're lobbied/bribed by the same entities they should limit, or face the risk of having their career destroyed (search for "mccarthysm").