The real problem here is not some private services chose what is or what is not available in their services. The core issue is their monopolistic position on information infrastructure. To some degree, people are responsible for not using decentralizing services, and for that, shame on people. On the other hand, when people are not educated to actively defend themselves against mass manipulation, it’s no wonder they end up trapped in that kind of "free" services. Of course, any form of political power that is not based on maximizing people auto-determination will precisely want easily manipulable people.
Neither these private companies nor political parties that now fake to be outraged by censure of opinion want auto-determined people able to share anything that might look like a menace to the centralized institutions they have in their hands.
In the US to undue the 1st amendment it would take not only a super majority of both houses congress, but then it would take 3/4 of all state legislatures to ratify the change. This is far more stringent of a requirement than is simply majority.
Republican forms of government, ones with lots distributed power, are far far far better than democracies
Which is why GDPR exists isn't it? Every country can frame it's own rules. Private companies must abide by those rules. Neither should they be allowed to create rules for their platforms beyond what is defined in the Constitution of the countries they operate in. Restricting speech by private companies must be made illegal. If someone says or does something wrong on social media there is recourse for it already defined by the law. Any content removal should be in the hands of the users of the platform (similar to GDPR) or the elected Government. Private companies must only be allowed to remove content that has been explicitly defined as illegal in the constitution of the particular country.
For everything else they can enjoy immunity from being liable for whatever is posted on their platform. Liability is always with the end user of their services. That way, there won't be any extra burden on these private companies to moderate content.