Then perhaps we should address these too big corporations issues. It appears, if no big social media corporation existed, and instead there were a bunch of smaller players, we could argue that the customers will make a good decision.
Perhaps, the government should be involved into it (in form of perhaps adjusting anti-trust laws)?
No, they don't, but that's what you get around here. If there's a bigger hive of intellectual douchebaggery in this sector of the galaxy, I haven't found it yet. Still, the good usually outweighs the bad by far.
To be fair to my downvoters, it would be more accurate to say, "Any sufficiently dominant corporation is indistinguishable from a monarchy." With the US government, at least, you have the right to vote, along with some constitutional protections including various avenues of appeal. When Google terminates your account for no good reason, on the other hand, there are fewer options. There's not much you can do but post a cri de coeur on Twitter and hope HN or some other intercessory spirit notices it and calls the King's attention to your plight.
I get what you're saying, however your "vote" is by not using Google - I understand that's easier said than done when they're conveniently the best search engine, etc. Laws are certainly behind as well, there should be due process since a single internet account at a company can be a critical fabric to our life.