A social media company is a media company in the same way that a cyberspace company is a space company.

Social media companies are media distribution companies. They're analogous to the street-corner newspaper and magazine shop, except they only occasionally pay their content producers. They're more related to media than cyberspace is to space.

Tell that to Starlink.

And social media companies are more like convenience stores that also carry newspapers. The large majority of tweets are not by media outlets.

There are just a ton of "letters to the editor", now.