It’s possible to recognize both that
(a) American companies’ business interests don’t fully align with the needs of their users or the general public,
and that
(b) the Chinese Communist Party’s objectives —which include weakening, destabilizing, and impoverishing the United States— are even less aligned with the interests of American citizens.
What of fox news then? Does spreading lies and dividing the population not count as destabilization as well? American media agencies are not immune to being coopted by the russian, iranian, chinese governments, or really the whims of any oligarch. There is no protective mechanism. The entities that represent the source of truth in this country can be bought and sold like an equity.