This is true, but I think the main issue is whether people are quick enough to call for congressional hearings and decisive actions / lawmaking that would have any impact before it's too late. It's a race to the finish, and big tech companies always have the advantage. Of course, that doesn't mean regulation couldn't call for a reversal on what's been implemented.

The other side to this issue is despite the scrutiny towards big tech, they can still lobby and make any regulatory actions seem effective, when in practice, they've already gotten their fingers into influencing policy in such a way that doesn't ultimately address the consumers' concerns.