Social media platforms exploit user data and psychology to maximize engagement, growth, and advertising revenue. They track every user action and prediction models determine what content keeps users engaged. This undermines mental health, spreads misinformation, and manipulates elections for financial gain. While connecting people, social media has damaged society by losing control to algorithms that spread fake news and conspiracy theories. Strong regulations are needed to protect democracy, curb the spread of misinformation, and ensure user data and attention is not exploited without consent.