(www.techdirt.com)
To be clear: the executive order is nonsense. You can't overrule the law by executive order, nor can you ignore the Constitution. This executive order attempts to do both. It's also blatantly anti-free speech, anti-private property, pro-big government -- which is only mildly amusing, given that Trump and his sycophantic followers like to insist they're the opposite of all of those things. But also, because the executive order only has limited power, there's a lot of huffing and puffing in there for very little actual things that the administration can do. It's very much written in a way to make Trump's fans think he's done something to attack social media companies, but the deeper you dig, the more nothingness you find.
For now, we shouldn't be worried about this however watch this space as this develops since there will be court battles to come.
Mike Masnick's post on the President's executive order today.