In the same way that Facebook, Google, Microsoft, Apple, Oracle, Cisco, AT&T, Twitter, Reddit are owned by the US government, that is subject to regulations of the government for the country in which they are legally headquartered, in which most of their engineering work is carried out, in which their primary development and internet distribution infrastructure is and in which their CEOs and top staff are.

Or how about how the top micro-chip lithography company ASML despite being headquartered in the Netherlands had its sales of its products to China vetoed by US pressure under the guise of US national security and suppressing China. So much for the free market from the country that claims to be capitalist. So much for allowing freedom of operation by private enterprise. And not just ASML, they've banned an American company, NVIDIA from selling it's top AI chips to China as well, guess NVIDIA is an arm of the US government.

The US regularly applies pressure to companies.

That's not even getting into a whole plethora of other areas where the US exercises hard and soft power.