Oh god. Atlantic, I love you but this one is over the top. Let's not do the whole "Silicon valley companies are in trouble because Facebook is in trouble". Nobody goes around saying "Food companies are all finally getting the comeuppance they deserve: General Mills was slapped with a lawsuit"
This is that thing where you pick a non-central example of a group member, and then generalize that group member's characteristics onto the entire group. You're better than this.
Nah. Those guys control who shows up in search, ads, aggregated news, trends, Facebook, and (increasingly) on screen. They basically determine who gets elected. They won’t make the mistake of not censoring someone they don’t want to win next time, and the members of Congress will not make the mistake of screwing with the very company that can (and does) help them win elections.