Yes, exactly. Someone is going to moderate the platform, and in the US that is an entity which owns the space - an entity which at its core wants people on the platform. That dynamic is why we'd expect to see all the major social media platforms operated from the US, as opposed to most places where the moderation is ultimately driven by courts and governments.
Can't speak for the EU, but in the English speaking world outside of the States it'd be quite risky to run large social media sites of the scale that the US ones operate at. The laws around what can and cannot be said in public are too limiting.
I remember when there was a suppression order out on talking about Cardinal Pell in Australia, it was eye opening to how limited political speech actually was. Good luck to anyone in Aus trying to compete with Facebook, let alone the UK.
Can't speak for the EU, but in the English speaking world outside of the States it'd be quite risky to run large social media sites of the scale that the US ones operate at. The laws around what can and cannot be said in public are too limiting.
I remember when there was a suppression order out on talking about Cardinal Pell in Australia, it was eye opening to how limited political speech actually was. Good luck to anyone in Aus trying to compete with Facebook, let alone the UK.