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Do we want that sort of power in the hands of a private company?
There are answers to this that don't require state ownership. Breaking up the big companies into smaller ones, forcing them to federalise their protocols so that people can communicate without being on the same platform etc. etc.
IMO, this is an area where the rule of law is good, the rule of government not so much.
Think about it. Making something state run puts it more closely under the control of the boogieman president you're talking about. Better regulation by law doesn't have the same effect. Witness the number of times Trump's ambitions have been thwarted in law courts.
Let's just flip this round for a second.
Imagine Twitter exists but it's owned by a right-leaning Jack Dorsey.
Towards the end of Bidens presidency, with six months to go, Twitter decides to have a cull of top Democrat accounts including the president. @POTUS still exists but is heavily censored. They give some bullshit cover reason which doesn't fly at all, but it doesn't matter.
Boden isn't silenced but this massively reduces the reach of his messages. He uses all other platforms but the election is swung towards the Republicans. Being that it seems US elections are pretty tight these days, it doesn't take much to change swing voters minds, and all they see if Republican messages.
Do we want that sort of power in the hands of a private company?