I don't see how putting Google, Facebook, Apple, and Amazon under the control of the US executive branch would solve the problems of accountability and them needing to deal with the laws of multiple nation states.

If one wants to subject these corporations to regulations, than it seems one should propose regulations. Putting them under the direct purview of a government does not magically make them start working in the best interest of the people (of which nation?). Nor does it mean that they are automatically accountable; see for example the NSA if you want examples predating the current administration.

This is my knee jerk reaction, but then I ask myself if I really want Trump (or Pelosi depending on your political persuasion) deciding how my search engine and social networks work.

Feeling a big "NOPE" on that one.

Customers need to make it unacceptable for FAANG to act this way... Good luck on that tho.

Unfortunately, they have been very good at slowly raising the temperature so the frog (read:us) doesn't jump out of the pot.