It's somewhat telling that this event is triggering such panic among the political class. Currently every meaningful social network has more or less the same policies and content moderation. If something is banned on one network (facebook, instagram, twitter, tiktok) it'll almost certainly be banned on the rest. Why not right?

But now that ownership of one network changes hands, it's causing everyone to panic. At least we're dropping the facade about what the political class is really asking for. It's no longer a "private platform, they can do what they want". It's now everyone must follow the same rules mandated down from politicians. Before now the leaders of these networks just happened to enforce the policies the political class wanted. They just have to drag the leaders in front of Congress once in a while to get them back in line. But now that one network is at risk of breaking ranks, everyone panics.