No, but thanks to a devil's brew of knee-jerk moral panic and regulatory capture, nobody else can afford to enter your market. You're stuck with the incumbents.
Sorry, but you can't say you weren't warned. We're seeing the same thing happen with AI now.
Moral panic and regulatory capture? You must be talking about the Congressional hearings about Tiktok in the US. They haven't needed to do that in the EU, but then again they don't have a Facebook to protect.