More dangerous than misinformation that has led to genocide? Yes, it is censorship. But it's censoring a twaked out version of shouting fire in a crowded theater (can't do that because someone actually did do it and it got a lot of people hurt and some killed).
And it's not as complex as it seems. For years now social media has been the epicenter of violence inducing misinformation. This has been observed time and time and time again. People hear it and have their views affirmed on social media.
The rest is more complicated than just following the news. A part of it is a for profit corporation doing what they do in modern America, and this exploiting human emotion for gain. This is where their algorithms are problematic because it's these algorithms that are promoting material that sells, material thaylt exploits human psychology to the max. The rest of the issues are well known to even students of psychology, sociology and anthropology. Group thought, moral outrage, mob behaviors and hundreds of thousands of years of evolution that still has us all deferring towards tribalism and the need to fit in and be accepted by our tribes. Amd it's just as true today as it was thousands of years ago, after someone casts the first stone its suddenly easier for everyone else to join in the killing.