This line to me sounds incredibly sinister. For a long time I've been fearmongering about the level of power held by these multinationals approaching those of small states. It sounds rather disconcerting when Facebook is engaging in diplomacy and brinksmanship with powerful nation states. Even worse, when they're winning.
It's at least encouraging that the European Union is concerned about Facebook's growing power and political influence. The incumbent American institution seems to have all-but ignored this growing problem. Of course there were lots of crocodile tears about "Russian collusion" and "Fortifying the Election", and so on. However through all that, there doesn't seem to have been much questioning of the nature of Big Tech's power, only the direction of its application.