At this very moment, Apple and Google have the ability to disable communications for billions of people. They can make computers and phones totally unusable. Not just some features but everything.
EU was trying to legislate around this risk by forcing companies to bring data on EU soil and open their platform to alternative providers. They always tried to be gentle with it as companies will claim that they are taken advantage of but as the things unfold at this pace I'm pretty sure that it EU and probably the rest of the world will be very heavy handed the moment there's an instance of US president or US tech oligarch decides to shut down group of people from their devices to teach them a lesson or to compel them into something like they did with military systems in Ukraine. I was afraid for years that people will be insulated into groups and the global community will be destroyed and now I feel like its happening.