Freedom of speech is what we believe in. Speech that might be offensive, objectionable, and wrong. Speech that I disagree with, speech that is repulsive, speech that hurts your feelings.
Social media giants have constructed platforms that are near monopolies. They control the wire, but should not control what we say over it. Possibly the only exception is for communication that threatens or incites imminent violence.
The antidote for bad ideas is not to repress them, but to let them be defeated in the public arena by better ideas. Those who knowingly broadcast defamatory false statements about others can of course be sued. The system of free speech with responsibility is the basis of the American approach embodied in the First Amendment. You believe in something else. What is it? Repression, corporate dictatorship, and censorship?