Sure it does. They made this decision based on what they thought would be best for their company, by both satisfying advertisers and buying favor with the new administration. They balanced those benefits against the users they'll lose based on this decision and decided it was worth it.
Maybe we'll get lucky and find that they were wrong, and that this move causes enough public backlash to give other social networks a chance to thrive (if we're really lucky, maybe even decentralized ones!)