USCA11 Case: 21-12355 16 Date Filed: 05/23/2022 Opinion of the Court Page: 16 of 67 21-12355 NetChoice responds that platforms’ content-moderation decisions—i.e., their decisions to remove or deprioritize posts or deplatform users, and thereby curate the material they disseminate— are “editorial judgments” that are protected by the First Amendment under longstanding Supreme Court precedent, including Miami Herald Publishing Co. v. Tornillo, 418 U.S. 241 (1974), Pacific Gas & Electric Co. v. Public Utilities Commission of California, 475 U.S. 1 (1986), Turner Broadcasting Systems, Inc. v. FCC, 512 U.S. 622 (1994), and Hurley v. Irish-American Gay, Lesbian & Bisexual Group of Boston, 515 U.S. 557 (1995). According to NetChoice, strict scrutiny applies to the entire law “several times over” because it is speaker-, content-, and viewpoint-based. Moreover, and in any event, NetChoice says, the law fails any form of heightened scrutiny because there is no legitimate state interest in equalizing speech and because the law isn’t narrowly tailored. NetChoice briefly defends the district court’s preemption holding, but focuses on the First Amendment issues because they fully dispose of the case and because, it contends, a First Amendment violation is a quintessential irreparable injury for injunctive-relief purposes. D “We review the grant of a preliminary injunction for abuse of discretion, reviewing any underlying legal conclusions de novo and any findings of fact for clear error.” Gonzalez v. Governor of Ga., 978 F.3d 1266, 1270 (11th Cir. 2020). Ordinarily, “[a] district court may grant injunctive relief only if the moving party shows that: (1) it has a substantial likelihood of success on the merits;

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