Even better! Stop trying to act like global companies, and pick a jurisdiction to work out of. If Facebook is an American company (which they are), they are held to and follow US laws.
Maybe this means that Facebook doesn't remove Nazi propaganda because of the US 1st Amendment. What follows is actual proper competition, perhaps Germany bans Facebook, which means either a new German company GesichtBuch, can compete by being based in Germany and following german laws. Or, people enjoy Facebook and then rally their government for laws to be changed.
What we have now is companies trying to exist in every country, which means they have to follow the worst laws of every country.
It's not going to happen, because people can connect to FB easily using a vpn without giving FB the chance to monetize ads. It's already happening in countries that have banned FB.
Companies are trying to make money. That's the purpose of a company.
It’s not the size of the market that should determine right or wrong. Having free speech laws means you get democracy and nazi stuff and spend time on more important stuff as to what’s too nazi or too democratic. Just rely on the rule of law.
Interestingly the underlying assumptions in most analyses like this is that everyone lives in US and obeys US laws. What if China goes after a political dissident through Facebook? Even worse, what if Facebook propaganda is used to incite genocide by the government of Myanmar? Where do you get the court order to take it down?
Unfortunately the business model of Silicon Valley is at odds with this simplistic first-amendment/court-order sort of argument.