When it was discovered that tetraethyl lead was widespread in the environment and caused neurological damage, it was banned. Yes, that materially harmed several chemical companies whose livelihood was based on producing tetraethyl lead.
So what?
If your business model harms people, I don't care if stopping harming people eliminates your business. People matter. Businesses do not.
Are we supposed to just go, "Yeah, we know Facebook is harmful to millions, but won't someone think of the poor shareholders?" Then shrug and accept it?