With Google’s recent monopoly status being a topic a discussion recently. This article from 2017 argues that we should nationalize these platforms in the age of platform capitalism. Ahead of its time, in fact the author predicted the downfall of Ello.
There’s not really much difference. Either way it’s a legal entity defined by the state and run by the extremely privileged.
One has the power of corporate lawyers to enforce it’s will, one has an army and a prison system to enforce it’s will.