Well, yes, but in a broader sense, they have way too much of a stake in the control of global communications altogether. Even just a hiccup on their servers or slight change to their system has a global impact, as obviously evidenced here. The world is dangerously reliant on a centralized private company for daily functioning.
Such a powerful entity shouldn't be controlled by private parties and needs to be governed in a way that the benefit of the people is kept paramount.