" The decent newspapers and TV newscheck facts. Facebook and YouTube sure as hell do not.."
Gave you a big negative because you have missed the point entirely !
The traditional media ( TV, print .. ) provide "facts" only insofar as they fit their agendas and financial objectives. The G&M FN agenda by way of example !
Facebook and YouTube are ONLY technology platforms for which/in which WE provide the content - not the media owners. The equivalent of every single person on the globe owning their own printing plant - free to distribute whatever profound insights or idiocy they may think of. Thus they have in fact become the ultimate social sphere of influence - a phenomenon 
Sadly perhaps - or enlightening - it has turned out to be a mirror of homo sapiens deeper foibles.
And if you think tech theocracies at dystopian - try the religious or political theocracies ... Marxism stands out as a latter example.