This is such an overly simplistic take. Depending on where you are in the country, you could easily suspend some combination of power, water, heat, road access, banking, or internet connectivity to individuals purely by restricting access to private property somewhere down the line. Simply accuse them of violating the terms of service. We collectively agree that is unacceptable, because those things are basic utilities.
We’ve let only a half dozen websites more or less completely control the internet on the front and backend - far fewer than the number of utilities it would take to turn off someone’s electricity. That kind of power is not just a free speech issue, it’s a national security threat and it’s only being celebrated because it’s being wielded, for now, against people we don’t like.
Imagine a future election where one candidate wants to classify social networks as utilities, and the other candidate wants to do nothing but set puppy orphanages on fire. Candidate 1 has her social media pages cancelled for nebulous violations to a labyrinthine TOS, and she loses the election - because that is how people are reached in the modern world.