Yes, and you also got every single other country in the world to take notice and to wonder what would happen if the same happened to them... leading to ad hoc legislation, actively looking for alternative providers, and a surge of new, sometimes govt-backed competitors (you know, in the name of national independence). Not to mention that all your existing competitors will start yelling “we would NEVER do that” at the top of their lungs.
The FANG may be as powerful as big nations, but event the biggest country needs a very good reason to declare war —and defending privacy isn’t it.