The thing is, this EO is meaningless without the appropriate enforcement actions from the FCC, DoBarr and state AGs. So it’s a meaningless piece of paper that will certainly scare mainstream media and excite the base, and that’s precisely the intended effect.
You may see hints of cooperation from Barr (he declares “we’re looking into [insert specific action here]”) but Pai wouldn’t dare upset his Big Media/Tech overlords and red state AGs won’t waste their money going after Big Tech.
Scared? Hardly. They're acting like a school of sharks that smell blood.