The proper analogy would be banning books with certain content, which we already do. You can't distribute a book calling for a specific person to be killed or doxxing them. Doing this on social media in Ethiopia is encouraged, as it drives engagement and has lead to actual deaths of people I know. They have a policy not to moderate this content despite having the resources. Just like they have a policy to make the apps as addictive as possible.
More importantly, Facebook is not a "printed book", it is the printing press. It owns the internet. It's not remotely comparable. And that's why it is a threat to free speech
It would be as if printing presses were so complicated and expensive that the barrier to entry was so high as to price out everyone but a few select publishers. I wouldn't try to over-extend that metaphor though.