Yes. That’s exactly the problem people who want it repealed are pointing out: the current law offers broad blanket protection to social media companies to moderate content however they want, even if their moderation practices are highly editorial and partisan, akin to traditional publishers.
Techdirt seems to think people don’t understand that the law doesn’t distinguish between platforms and publishers. On the contrary, that’s precisely why people want it repealed or modified. Either attach platform “neutrality” requirements to these broad protections, or eliminate the protections and allow social media companies to be subject to the old legal regime attached to publishers.