Selling narcotics or fake drugs over the Internet is a serious matter. Many Internet users would like Google to be above the law - in the sense that they would like to have a search engine that tells them what is out there, whether governments like it or not. But this isn't achievable.
However, while it's troubling that a corporation can bully elected governments, it's also troubling that a single state government can make law for the whole United States - and, sometimes, the whole world. Thus, while I basically support the article, there are other questions that make this more complicated.
Incidentally, for the United States to have a "51st richest state", it would have to have 51 states, which it doesn't. Alaska and Hawaii brought the total up to 50 from 48, and none have been added since then.