It's not false, but having "big tech company" isn't the only metric of success of a society.
Stuff like quality of life, workers rights, shared values are a bit more important, and that requires the ability to basically tell a company "Who the hell do you think you are?".
It doesn’t answer my question though. What do we get, as member of a society, if one or two companies get to be huge and become monopolies? What’s the societal benefit of that?
I also don’t think regulations like these cripple innovation. They make it harder to compete against more unregulated markets, that’s for sure, but I don’t think that’s a bad thing overall.
Honestly, I'm a bit more regulation-friendly than you, I remember the whole 2000-2010 decade where you had one charger per phone, in a house with 4 people, some with work phone, all incompatible. The switch to one, maybe two kinds of charger was a clear improvement.
Stuff like quality of life, workers rights, shared values are a bit more important, and that requires the ability to basically tell a company "Who the hell do you think you are?".