Social media has been remarkably effective in bringing together groups of individuals at a scale and speed unthinkable just a few years ago. While there is a positive aspect of digital activism in raising awareness and mobilizing for equitable societal outcomes, it is equally true that social media has a dark side in enabling political polarization and radicalization. This paper highlights that algorithmic bias and algorithmic manipulation accentuate these developments. We review some of the key technological aspects of social media and its impact on society, while also outlining remedies and implications for regulation. For the purpose of this paper we will define a digital platform as a technology intermediary that enables interaction between groups of users (such as Amazon or Google) and a social media platform as a digital platform for social media.