This is the right line of thinking. My interpretation is slightly different - I think the tech companies have run afoul of various norms when it comes to things like the privacy of customers, anti-trust, taxation, etc. Because they are now reliant on these unethical ways of holding onto economic power or growing their economic power, they need to not get into trouble with governments. This means playing nice with them so that they do not become subject to legislation that will rein them in.
