"From October, Facebook, YouTube, and other sites with more that two million users in Germany must take down posts containing hate speech or other criminal material within 24 hours. Content that is not obviously unlawful must be assessed within seven days."

To me, this seems more like reasonable regulation than oppression, although some people confuse these concepts, or have a financial interest in conflating personal freedoms with market deregulation.

The german government is asking for Facebook to promptly remove content that is obviously illegal in Germany (and most of the world), like murder videos, hate speech, etc. Sounds reasonable to me.

TV stations in some (most?) European countries can be held legally responsible for the content they air. This is (fortunately) happening right now where I live, where a private TV station is being investigated for repeatedly airing a program where a psychologist spreads hate speech and fake science like "people who use marijuana have gay sex" and "gipsies don't work and live off the rest of us"; the person's professional license has been revoked as a consequence, so the TV station are being held responsible for airing blatantly illegal content by a disaccredited "psychologist".

That's why media needs basic regulation, IMO.

After reporting numerous posts for hate speech and personal insults has zero, Facebook's response is always "no breach of our terms". But it's a breach of our society's terms, and fortunately we are still (mostly) held to the rule of law.