It is more like the dancefloor effect (is it the official term?). When the dancefloor is empty, no one dares to take the first step, even if they want to, the someone finally steps in, then another, then another, etc... Dancing becomes more and more acceptable as the dancefloor fills up. Past a certain point, the opposite happens, it becomes unacceptable not to dance, so people step in even if they don't really want to.
In other words, they've all wanted to do it for a long time, and now there's a social momentum that allows them to do it without having been the first firm to do it.
It's just optics.
I can't imagine the executives of these companies sitting on conference calls coordinating their decisions like some sort of technocratic United Nations. That's just not how things play out in reality.
If anything, it's more likely people are tasked with monitoring public opinion on what other companies did. If the public reacted well, then the same thing may be implemented.
There's no cabal, just people watching the news and thinking "well that's a good idea that people like".