This issue of social media fake news is not one of a few misinformed citizens expressing their ideas online, but rather of targeted and malicious "disinformation for hire," which domestic and foreign actors deliberately pay for to manipulate the national politics of sovereign states. This is why the EU has adopted its new Digital Services Act to demand multinational corporations finally combat the brainwashing attempts by such malevolent actors.
Most European countries have never genuinely valued free speech. Yet, Brussels is taking this attitude to a new level by imposing a radical censorship mechanism intended to force social media companies — through the Digital Services Act, among others — to follow an imposed ideological content-moderation policy. These laws aren't meant to protect Europeans from so-called dangerous speech, but speech that threatens the ruling class.