So, these decisions ought to be entrusted to an entity whose responsibilities are to its shareholders rather than elected representatives of the general population?
Maybe if history started in 1947 it would. Righteousness tends to do much better at the ballot box than the stock market. And self-righteous as American tech is for advertising purposes, I'd still say it has an order of magnitude more self-awareness than American politics for advertising purposes.
The last thing I want is to give the government more power. Have you been paying attention to laws in conservative states that want to regulate speech on Facebook and Twitter but go out of their way to make sure that sites like Truth Social aren’t affected, the “Stop Woke” act in Florida, the laws passed in GA and Florida to punish corporations who speak out against the government (Delta and Disney specifically).