It's a damning indictment of "big tech" that it took Democrats having a trifecta in federal government and a violent mob breaking into the Capitol during a congressional session to get this level of investment in moderating, well after the hate on their platform has metastasized.

My feeling is that from the business point of view the big tech do want regulation, the infrastructure needed to moderate contents will carb competition and cement their leader role.

The thing is that the leadership of these companies feels bad about censoring contents on moral grounds. They thing deeply about these issues, they are smart good passionate people who care about their product and society.

Now that the demand for censoring data is unstoppable they will comply. They will also slowly evolve to start buying politicians (with all the reserves they have) to have a say in the legislation. Just like big pharma, mikitary industry, oil companies, cigarettes business and some others.