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Yes.

An alternative is to classify Google as a common carrier, exempting them from the DMCA, but preventing them from censoring or even throttling traffic, however given their business model is around sponsorship, it is unclear how to also protect the advertisers' interests. Trying to get government shackles onto Google simply seems too tricky;

It seems much easier to simply run Google with tax dollars and no advertising.

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Google and Facebook are bigger than a single country now.

This is a strange way to define "bigger".

Google and Facebook combined have a total market cap (sum of all shares) is around 1.2 trillion dollars, which would represent only a 5% increase in tax revenue for America to simply buy all the shares.

However, the Government doesn't need to turn a profit: Google and Facebook combined spend only around $200 million dollars per year on R&D and operating expenses, which would be a rounding error on the tax budget.

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