That is factually incorrect.
It was exposed in 2014 that FB was running experiments on its users by tinkering with their news feeds, so culturally, conversations around this have been happening for at least twelve years, and tech addiction has been a known problem for at least a decade. These products are designed to be addictive, induce mental illness, and foment rage bait because it keeps eyes glued to ads, and the corporate media providers know this.
Now, we live in a world where it's causing widespread mental illness in young people, because its effects are more pronounced in developing brains. This is a public health issue, and it's not going to be solved with whoo whoo solutions like expecting parents to actually parent, because we can see from the last 5-10 years that this 'solution' is ineffective.
Regulation is necessary, whether it's ID verification, or banning cell phone sales to kids, or even limited solutions like disallowing cell phone use in schools.