If you're a "classical liberal", whatever that means, surely you're not in favour of randomly destroying things that work and that people are happily using, by state action, in favour of an unpopular alternative?
Elon plays a mean game, but it's a board we built and he's using rules we made. IMO, the proper response is not to change the rules, but use powerful technology to make his control irrelevant. Writing bespoke legislation for Twitter is truly unthinkable, there are better ways to approach this.
The “big corporation-style” capitalism is definitely a new flavor, and unfortunately that’s seen as centrism today, adopted by moderates of all political sides across the western world and even beyond.