“Am I missing something here?”
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Yes, the government is subsidizing the social medias via special privileges and exemptions. Remove them - and then ask again.
Also, the ongoing restraint of trade on conservative interests is something that needs to prosecuted as a civil rights violation - especially grievous considering the government perks the socials get.
Other than the Section 230 protection that is given to many types of media platforms, what "subsidies" are these companies getting?
For the life of me, I can't even understand how any of them make money ... since I don't know what kind of revenue streams they have.
It's hard to complain about the conditions you find on a free platform, I'd say.