I was struck that on the surface it looked quite adversarial. Senators were trying to ask fairly pointed questions (despite any technical ignorance). But underneath the surface, the two parties here have fairly well aligned goals -- less freedom on the Internet. The senators want to show that they're doing something, and Facebook welcomes regulation in order to suffocate would-be competitors with it. I'm sure they're…
On an unrelated note: I always wonder how people nowadays identify the Internet with WWW. There are so many ways to use the Internet in a way not even remotely related to the current power struggles between greedy businesses and duped users, with incompetent governments meddling in from time to time.
The web has always been a bit contentious for instance the browser wars are still being fought in some way even today. The problem is that the web is where developers were able to build without concern over who the powers that be even were but now the web has been turned into a creepy surveillance machine.
Our current president even paid Cambridge Analytica to socially engineer all of us. Turns out the tricks that hackers used to employ have been appropriated for use by the web monopolies. I can't think of a way in which this turns into anything good for the average person.