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Bainbridge
There are answers to this that don't require state ownership. Breaking up the big companies into smaller ones, forcing them to federalise their protocols so that people can communicate without being on the same platform etc. etc.
IMO, this is an area where the rule of law is good, the rule of government not so much.
Think about it. Making something state run puts it more closely under the control of the boogieman president you're talking about. Better regulation by law doesn't have the same effect. Witness the number of times Trump's ambitions have been thwarted in law courts.