The problem is social media is protected because of free speech rights in the constitution but when they start banning speech then it is no longer free speech but biased speech. If you restrict speech that isn't illegal on a platform then you aren't being "social" to everyone who signs up but social to some and anti-social to others.
In other words "social media" is akin to the oxymoron "social distancing" in that they aren't a true form of either.
When I was growing up when you were cool and accepted by the popular people they snubbed or distanced themselves from you, and a media site that your opinions they want to distance themselves from are not being social with you but rather.... anti-social.
In other words instead of being an open social media platform you are more of an elite social club where those who don't meet your standards are censored, silenced, banned etc.
Trump was reaching 70 million people on Twitter and they banned him.... they aren't being social to the 75 million voters who listened to him at all.
Today's media platform are just that... and NOT social media platforms.
No, it is not. The first amendment only limits government. Private corporations and citizens can limit speech on their own property. This is very well established in case law.
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