CONSERVATIVES can want multiple things, and in this case I think we do
We may want smaller government with less regulations.
We can also want fairness
* We can decry our belief that our views are censored (in ways the other sides are not)
* We can decry double standards
* And we can certainly decry the “facts” — when those facts are actual interpretations of data that support a political viewpoint that differs from ours.
* We can decry when it's OK for one side, but not OK for the other
* etc.
Most conservatives recognize that Trump isn’t some idealized version of a conservative (whatever that is)— but he’s come so much closer to supporting things we align with than any recent alternative.
So do I want Trump to actually regulate Twitter, or other social media
In an ideal world, no I wouldn’t.
It would be preferable if that weren’t necessary.
But just like anti-discrimination laws were necessary— it’s possible that to keep the playing field fair for a maligned group that laws & regulation are needed.
Most people agree with fairness
What conservatives have observed is that much of the media, hollywood, tech groups/companies, etc. are liberal or lean that way Whether intentional or not, that biases what they perceive as fair.
E.g. while I may not like many of the things that Trump has said and done, it is clear that the political spectrum & media on the left has been out to Impeach, Derail, & Convict the president since before he was elected and haven’t always given him anywhere close to a fair shake (if they can take it the wrong way, they will). While he says stupid things, and things I don’t agree with— I can still see how blatantly unfair much of what is said, reported, etc about him is. (And yes some of the stuff he says crosses a line, but it's all a matter of scale IMO).
The efforts to Impeach, Impugn and have a double-standard between what is allowed and forgiven on the left (Hillary Clinton Email Server, or a variety of Obama “scandals”) versus similar factors on the right (Tara Reade against Biden vs Kavanaugh coverage) makes it clear that the playing field isn’t even close to fair if you’re a conservative. From a conservative perspective, the left as a group is a much larger Bully, NameCalling, Racist group than the President of the United States.
And unfortunately as a conservative, I’m pretty convinced that the highly political left doesn’t want to live and let live— they want to take away my vote (through any means necessary) and anyone else they think is intellectually inferior to them.
So is regulation necessary? Unfortunately at times it is
And to be clear for the record— I’m pretty sure (as usual) Trump is mainly blowing steam and getting people to discuss it (rather than actually going to regulate social media companies).