Kind of ironic that social capital on HN is earned by being being pro-regulation, anti-big-tech, isn’t it? Your point holds but there is more than a little irony in the post.
I think it just shows that large tech companies have lost all credibility even among early-adopting, tech-positive nerds.
New technology, unbridled, inevitably reaches a point where its negatives become clear to society at large. The printing press is regulated, cars are regulated, nuclear energy is regulated - because society recognized that we can't just let anyone build reactors in their sheds. Internet tech has probably reached that point.