I'm glad you chose this topic, because it's a very important one! Many people are going to believe that the regulation of these platforms will lead to less censorship, when that is not going to be the case. The road is being paved for more censorship, and this regulation will only help the giant social media platforms entrench themselves as monopolistic and controlling entities!
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Thanks ;) Yeah, it's easy to buy into it. They either comply and censor more, or reverse course which is doubtful.