I’d say that, honestly. Comfortably so, even - if the large private providers are acting badly, at least there’s the potential of smaller private groups setting up their own.
Services directly managed by the state tend to require adherence to a government’s political preferences - where something like the idea of social media as a state-owned utility is concerned, the reality of that would inevitably trend in unfortunate directions for minorities that the government has decided to consider a problem.