Quoting a mouthpiece for the RIAA???
I strongly agree that Internet giants with significant market power need serious regulation to prevent their anti-social actions, particularly around privacy.
However, first there needs to be strong regulation of media companies who not only have market power but create cartels like RIAA and MPAA. Their anti-social abuse of copyright, a measure designed to augment the public domain by reserving some rights for a very limited time to allow reasonable profits to be made, needs to be strongly curbed first.
Modern technology has so dramatically reduced the costs of distributing content that the limited profit intended to be delivered to the content producer could now be achieved in much less than 20 years -- copyright terms should have gone down over the last 100 years, not up!
Yes, regulate large internet players. But clean up the copyright cartels and kill off the greed of the content players first.