Pundit conflates his ideals (shoulds) with reality. US law was really meant to give private business and capitalism as much freedom as possible to attract investment.
The other thing: social and mainstream are overwhelmingly liberal/left-leaning - so regulation is ideologically split left vs right same as the the 2nd amendment on gun control.
Now dogmatic liberals like bitmask and MOON Ki will happily recite the rigid law to you. Completely dismissing any need for regulation with false equivalencies ati Facebook vs Nipate. In truth, this is just open bias: you see the overwhelming mass of (social) media channels are leftist and this is really their motivation not any sound objections to freedom. Particularly because their dear fringe groups such as minorities, LGBT, etc are already selectively protected, so "who" needs freedom of speech? Do such a thing in Kenya against their preferred political faction and you will not hear the end of it. Liberals are rather hypocritical.
Of course in Europe, Australia, - these entitled Facebook, Google, etc have been straightened by heavy penalties for spreading their bad manners there. Anti-trust, anti-competitive, whatnot. The right to be forgotten started in the EU.