This is good and too little, too late. Tech giants have become more powerful than most governments, and that is a net negative for society. As much as this community might love to hate politics and government, and despite all their inefficiencies and corruption, they STILL operate with a set of fundamental incentives that are more aligned to the benefit of all society. Giant tech companies are only aligned to a set of incentives established by a small cadre of stakeholders, and in fact are the prime driver of the unsustainable growth in wealth disparity and inequality.

In short: suck it up big tech; please go harder governments.