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It has.

Cite?

If they lose their 230 no TOS is going to protect them.

So in addition to stripping their property rights we're eliminating their ability to make a contract?

1. While the First Amendment generally does not apply to private companies, the Supreme Court has held it “does not disable the government from taking steps to ensure that private interests not restrict . . . the free flow of information and ideas.”

2. This provision does not allow platforms to remove whatever they wish, however. Courts have held that “otherwise objectionable” does not mean whatever a social media company objects to, but “must, at a minimum, involve or be similar” to obscenity, violence, or harassment. Political viewpoints, no matter how extreme or unpopular, do not fall under this category.

https://www.city-journal.org/html/platform-or-publisher-15888.html

As you well know, every contract must be within the law or statutes.
For example a contract for someone to become your slave is neither valid nor enforceable. In as much as any TOS is not in compliance with the law, that TOS will not shield any tech company from repercussions of trampling on everybody’s rights.