Some of those companies aren't even 25 years old. They didn't get toppled because they were the young upstarts growing into incumbents.
The problem isn't supporting privacy and data rights, it's doing so in a way that creates unintended consequences which actually worsen the market and UX for consumers. There are better ways this regulation could've been written, but it wasn't. That's the issue.
The problem isn't supporting privacy and data rights, it's doing so in a way that creates unintended consequences which actually worsen the market and UX for consumers. There are better ways this regulation could've been written, but it wasn't. That's the issue.