I really do not agree at all. The power consolidation that Facebook is a good example of is just not a government regulation thing at all. The opposite in fact. Government regulation being hands-off allowed the internet to become "5 giant websites that share screenshots from the other 4". And that they're largely uncountable.
The internet as it is today, with very little governance over the large websites that exist today, is terrible for the people who are online today. I stand by that. Removing regulation won't help, as the bad actors are already pretty much unregulated already.
Cheers.
Maybe those acquisitions should have been allowed, and maybe not. But the reasoning there is non-sequitur. The one thing simply does not follow from the other.