I don't know how you get to the "New communities will form. New services will thrive" part of your argument. I agree there is a potentially positive outcome to

I don't know how you get to the "New communities will form. New services will thrive" part of your argument. I agree there is a potentially positive outcome to a rejection of centralized social media, but this legislation will have the opposite effect. It will have a chilling effect that will push against the formation of new communities. When the established, deep-pocketed players start making these kinds of decisions out of fear of prosecution, how is this going to effect the small/new players? New communities won't be able to effectively monitor and filter their content, and won't have the resources to defend themselves in court. At best "that stuff" will move to sketchy and ephemeral locations similar to file sharing "pirate" sties. At worse your web 3.0 will consist of nothing but "PG, corporate sanctioned mass market internet".