Imagine this case was instead about a Wikipedia article about this guy, and Wikipedia lost the case and was ordered to revert the article and expunge all edit history. Due to the way Wikipedia is cloned by many sources, and preserved by many archives around the world, it will become increasingly problematic to erase information.
If the government can go around ordering archives to expunge truthful public or historical records, it's very problematic IMHO. The notion of truth and objective reality is already under assault since the 2016 election, and the deep fakery and trolling bots will only get worse. What few institutions we have online that can try to weed out and present consensus truth would then be suspect if governments gain global jurisdiction to make edits.