Foreign ownership of broadcast media is already restricted (see fcc.gov/…/foreign-ownership-rules-and-policies-co… ), and I am not aware of any other foreign owned social media outlets with significant market penetration into the US. Are you?
Also, “can” is substantially different from “is currently, as supported by evidence, outlined as part of a documented propaganda plan by a known bad-faith strategic opponent”
The big issue other than data collection is the platform’s censorship of topics the CCP doesn’t want discussed (Taiwan/Hong Kong independence, Uighur genocide, CCP corruption, widespread industrial espionage) and the amplification of topics seen as divisive/polarizing/destabilizing to western nations as part of the CCP’s propaganda policy.
Since it was unclear to people at the time: remember that net neutrality does not have anything to do with content or viewpoint.
It means that AT&T or Comcast cannot cap Netflix data while letting their own streaming service be “unlimited” - networks must be neutral to the source and destination of the data.
one doesn’t have much to do with the other - shadowbanning clips mentioning taiwan, while amplifying clips that divide and inflame Americans, can be done without any private user data.
China is also a crony capitalist state - they don’t exactly distribute the wealth obtained from leasing public land and operating businesses.
They and Russia share a goal - destabilizing the west, especially the US, to gain geopolitical importance and to stifle calls for democracy and human rights.
China’s propaganda strategy is more of a concern than privacy (the motivation is Bejing’s control/amplification/censorship of content, not data gathering)