Absolutely correct. The point many are missing is that phone companies
do not ban people from having a telephone based on their conduct.
If I use my phone to say terrible things or even to commit felony fraud the police will investigate me, arrest me, I'll be tried and convicted and so on.
But at no point will the phone company cancel my telephone service. Fraudsters can get phone service. Murders can get phone service.
The court will place limits on the person, but it's unheard of for the phone company to restrict access because of conduct.
The problem we're facing is that modern communications platforms (including social media) have very different norms. Some of those norms are imposed because of direct governmental regulatory influence. We're dragging various social media companies to testify before congress and openly pressuring them to censor with overt threats to their business. This destroys the notion that these companies are somehow engaging in censorship entirely of their own volition.
This 5th circuit court ruling isn't framed right, but the underlying issue here does need to be addressed.