Yes, there is too much fake news and misinformation on social media

While social media is full of fake news and misinformation, the lines between what does and does not fall into this category can become blurred over certain issues, due to intense political polarisation. With the Covid pandemic for example, some people labelled harmful effects of the vaccine as fake news / misinformation, when it turns out that there were some harmful effects potentially due to the vaccine. Too much social media regulation may stifle free speech - it is a fine line and a slippery slope.

People need to use their rational judgement skills a bit better. The government shouldn’t be censoring the content we see unless it’s grotesque and illegal

Although it's impossible to deny the prevalence of mis/dis - information on social media, democracy and the social contract between citizens and government is predicated on individual agency. It's up to the individual to to collate and critique the information they consume.