Let's be precise here. The Element app was suspended from the Play Store (and restored in less than 24 hours) It was most certainly not removed from peoples' phones.
We have serious issues with the centralization of network services and we should scream loudly about it and look for ways to diminish the power that comes with that centralization.
However, making specious claims like that doesn't help. It just makes those who rail against the concentrated power of these big corporations seem deranged.
There are plenty of real issues to rail against without making shit up.
FAANG's are feeling that the antitrust guillotine is near their heads, so things will be a little quiet for now, but once the dust have settled they will probably keep doing what they were doing before, unless of course a proper legal framework come to rescue.
But as the political class have more urgent matters to take care of, i think this legal sophistication we urgently need will not be a priority.