More than half of Americans are concerned that the government will not go far enough in regulating U.S. technology companies, a poll released Monday found.

A SurveyMonkey poll conducted for "Axios on HBO" found that 55 percent of respondents believe the federal government will not do enough to regulate big technology firms, up 15 percentage points from a year ago.

But the poll found that 40 percent of those surveyed are concerned that the government will actually go too far in restricting tech companies.

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Fifty-nine percent of respondents said social media companies need to be regulated in some form because they actively encourage people to be on their mobile devices, while 39 percent said additional regulation of those platforms is not needed.

Despite growing concerns about how big technology companies operate, roughly 40 percent of those polled still believe social media does more to help promote democracy and free speech as opposed to hurt those goals, and 65 percent said smartphones have improved their quality of life, according to the poll.

The poll was conducted from Nov. 9-13 and surveyed 3,622 adults. The margin of error is plus or minus 2.5 percentage points.

The poll's release comes on the heels of a bombshell New York Times report that said Facebook leadership acted slowly in confronting Russian influence efforts on the platform, and that the tech giant used a GOP research firm called Definers Public Affairs to smear liberal financier George Soros.

Facebook, Twitter and Google have all come under scrutiny in the past year for their handling of misinformation and foreign influence campaigns across their platforms.