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Perhaps companies like Twitter, Google, and Facebook are actively trying to incite regulation. Social media companies have become beholden to a relatively small group of very loud activists who have frightened the companies into compliance with their political goals. They're afraid of standing up to these noise makers and have a legitimate difficulty in deciding how to best moderate the content on their platforms in a way that alienates the fewest users. Government regulation would tie their hands, allowing the companies to claim they're powerless to manipulate content in the way that activists demand it be manipulated. In such an environment where all companies are legally obliged to treat content the same way, boycott threats would be meaningless. Likely tools would arise to allow individual users to have better control over what content they do and do not see instead of insisting on the platform censoring content for them and imposing those standards on everyone else.

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