I find it very telling where people stand on this issue by whether they call it "censorship" or "moderation". You may not think there's much of a difference but it's really an "us vs them" mentality in disguise - are they censoring our legitimate speech, or are they moderating their misinformation?
One person's legitimate speech is another person's misinformation. Look at the lab leak theory for example. It was constantly called misinformation and now is more accepted. Is it misinformation? Maybe, but it is up to debate and that is the major problem. What happens the next time something like that pops up?