Correct.
From the OP’s link:
‘Those meetings were initially quarterly, then monthly, then weekly heading into the presidential election between former President Donald Trump and now President Biden. According to a source, Chan testified that in those multiple, separate meetings, the FBI warned the social media companies that there could be potentially Russian "hack and dump" or "hack and leak" operations.’
It’s perfectly appropriate and warranted for the FBI to warn social media of potential Russian misinformation campaigns, that the Russians are attempting to interfere with the American political process with conspiracy theories, disinformation, and lies.
To warn is not to ‘demand’; the FBI did not seek to compel, coerce, or otherwise threaten social media companies into editing their content to the advantage or benefit of then candidate Biden.