Not as an absolute. Speaking broadly, outside of this specific context, it seems obvious to me that systems which are sufficiently dysfunctional should cede their power to a better system.
In the US at least, this is laid out at the very beginning of the Declaration of Independence:
> That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government
Bringing the context back in to this discussion, I don't have a strong opinion. The power the tech companies wield is scary indeed, but the amount of political dysfunction is also pretty scary.
I suppose, since they are equally scary to me, that I'd prefer them to have equal power to act as a check against each other?