Tim Pool did a reasonable job of enumerating several areas of concern.
- Applying a single global standard (“community standards”) to American citizens imposes “hate speech” regulations that are antithetical to American principles of free speech protected by the US Constitution. [Similar to concerns I raise: https://www.jetpen.com/blog/2020/06/20/corporations-acting-as-agents-of-foreign-governments/ and https://www.jetpen.com/blog/2019/09/16/social-media-and-the-first-amendment/]
- Twitter claims to hold no politically biased agenda by intention, while trying to implement narrow goals around maximizing inclusion of users to conduct speech by protecting their physical safety (i.e., by disallowing targeted harassment and doxxing), but they have adopted ideologically biased policies that are selectively enforced in a manner that predominantly punishes conservatives.
- The near-monopoly status of the social media giants within their own niches combined with their unilateral decision-making that appear to most people to be politically biased in one direction will lead politicians, who are ignorant the actual issues and incompetent to formulate good solutions, will take a sledgehammer approach to regulate, and consequently make the situation much worse.
- The coordinated efforts among corporations to punish individuals across social media, hosting, Internet infrastructure, and payment processing systems demonstrates a terrifying abuse of power that is terrifying for how they can implement a social credit system that can unperson people in an extra-judicial manner without due process of law or avenues of redemption.