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Any attempt to regulate big tech needs to be gated on big tech sized user counts.
Violent racist rhetoric posted to a forum with 20 monthly active users might lead to one lunatic ranting on a street corner to be ignored or mocked. The same thing posted to Xitter sparks riots.
Until I read a proper interpretation of the law by a lawyer, I will consider these just knee-jerk reactions by forum owners who can’t fathom being held responsible for the things their forum members post if they don’t moderate. There was similar hand-wringing when GDPR and Article 13 passed. Things are probably going to be fine.
edit: After a bit of more research, shit like this is why small forums aren’t excluded.