It's bad news but I think it makes this community stronger here.  I never trust social media as they can delete your account in an instant and they are very insecure.
These companies are acting for the SEC and bankers but what they don't get is they are shooting themselves in the foot as they drive away a huge amount of users and investment.

There are going to continue to be projects that challenge the status quo of the social giants and it could end up knocking them off completely if things keep heading as they do (where we crypto users are backed into a corner and have to create solutions as a necessity).