We do need regulation that will protect developers and consumers from the huge monopolistic power of platform owners like Apple, Facebook, and Google. The regulation would be targeted specifically at those behemoths and not at small fry developers, since those don't have significant market power.

Today you don't need an army of legal people to deal with existing anticompetitive regulations if you're not a behemoth yourself. To argue that regulation designed to protect from monopolists will actually help those monopolists by its mere existence is ridiculous.