Last week Silicon Valley silenced the president. In unison, the social media giants, with an assist from Amazon and Apple, also eliminated their most popular conservative competitor and announced that their own moderation policies would now extend to other companies. Meanwhile, CNN openly called for Fox News to be banned from cable, while a major talk radio network issued new speech rules to its hosts, extending tech’s moderation policies to the offline world. Beyond all this, Congress and the European Union called for powerful new regulation of online speech. As a handful of unelected billionaires declare sovereignty over digital speech, where might the coming months take us?