The following argument is presented in an article discussing the impact of social media on society:
'While social media platforms have successfully connected people across the globe, they significantly contribute to the rise of misinformation and polarization. A recent study indicates that users are more likely to encounter extreme viewpoints, leading to a fragmented public discourse. Therefore, social media should be regulated to mitigate its negative effects on society.'
Which statement best analyzes the argument's reasoning and underlying assumptions?