Yes, before we know it, Cloudflare will also get in trouble for "facilitating fake news" or "not doing something about it."

The internet is trending towards becoming a cluster of walled gardens. Whether or not that will make a "better internet" than the one we have/had, it remains to be seen, but I'm inclining towards believing it won't. It could make it better for some things, but I think it could make it much worse for other things (freedom of speech, defending controversial ideas like gay marriage, or national security whistleblowers, etc).