Sorry to chime in, but that law just says they have to disclose it, not that it has to follow a certain ideology. That is not thought police IMO. There is no right for social media corps to not have to
disclose how they moderate their content. That isn't infringing on their free speech, just like you having to file your taxes isn't infringing on yours. And if there are hate speech laws, they have to of course comply with them.
That being said, tobacco manufacturers have been forced by law to adjust the designs of their packaging in many parts of the world (including showing full scale pictures that cover everything else). I am not a big fan of governments, but to me even that isn't thought police — it is a governments job to weigh different rights against each other. In this case the tobacco manufacturers right to choose their own packaging design has been given lower priority than the health iasues it causes within society. We expect governments to make these weighing deciaions all the time.
Now maybe it is because I am a European, but:
- A company having the right to free speech is a perversion of the purpose of the rights these laws were originally intended to protect. But for the sake of discussion let's assume they shall have that right
- A government could still weigh the rights of X against those whose rights are harmed by the speech of X. Just because you have free speech doesn't mean it trumps any other right in all circumstances, especially if we are talking about the company of one of the richest persons on earth (and quite frankly: a society where this was the case would be very distopic). A government has to weigh the rights of a corporation with the impact that corporation has on society. That is part of why we have governments.
So maybe the point where we disagree is that I literally believe that e.g. a person who has been born with a dark skin has the right not to be discriminated against — and that it is the job of a government to ensure that these rights are not violated by others. Not at all cost of course and naturally that right has to be weighed against other rights, but with great power comes great responsibility. I'd rather live in a nation where the rights of the individual are taken more seriously than those of corporations, but hey, billionairs in a pickle and such.