Half of a billion in lobbying dollars well spent by FAANG[1] - business as usual continues for facebook despite their decreasing popularity and repeated scandal and failure, from Cambridge Analytica to Libra. Those in my immediate circle have mothballed or closed their accounts, although Instagram seems to have more holding power. 1: https://www.forbes.com/sites/ajdellinger/2019/04/30/how-the-...
Members of Congress will use this event as a catalyst for fundraising, soon after the election they will draft legislation that threatens to control and/or regulate the tech giants. Shortly after that the lobbyists representing Big Tech get wind of this new legislation on the horizon and donations will flow like a river to the PACs and re-election campaigns, then the proposed legislation will be shelved.
My bet is when legislation appears it will pass and subtly entrench the incumbents. Win-win!