This essay examines the ethical considerations surrounding social media platforms and argues for their regulation. It begins by highlighting the rapid technological changes and the widespread influence of social media, citing a CNBC case study. The essay then applies ethical theories, including utilitarianism, deontology, virtue ethics, and contract theory, to analyze the impact of social media on individuals and society. It discusses how these theories can be used to evaluate the moral implications of user behavior, the importance of content authenticity, and the effects of social media on moral development. The essay concludes by emphasizing the need for users to consider ethical frameworks before posting content and reiterates the importance of regulating social media to mitigate its negative impacts. The essay draws on various sources to support its arguments, including research on user motivations, the impact of social media on politics and business, and the effects of cyberbullying.