My position is, we should regulate social media, and we can.
People will always disagree over how much and what to regulate, but that doesn't mean we can't try to approach this effort in good faith. The terms of service is, in my mind, a fair compromise because it forces *both* parties to honor the legal promise. I actually agree with conservatives on this: in a lot of cases, it's the user that's bound by the terms and not the platform. Force the platform to be more transparent about what will and will not get someone banned, and then enforce consistently. That way there's no surprise when someone gets de-platformed.