A Risk To Internet Freedom or True Clampdown On Objectionable Content?

Well, Facebook have been battered from virtually every angle recently (especially from their stock price). From Cambridge Analytica scrapping to objectionable content to fake news, it has not been a good time for the company. If companies grow that large and have such power over the market, it is likely that you are going to get probed for your operation, especially as data equals profits. So how policies the Internet? And who really decides on the content which is suitable?