It does, but almost all the major platforms/companies are members of NetChoice, a trade organization that fights this sort of thing. This presser from Bluesky doesn't mention it, but the case is "NetChoice vs Mississippi", so that's how involved they are to this.

Here's their write up on the Mississippi case: https://netchoice.org/netchoice-v-fitch-mississippi/

And obligatory Wikipedia: https://en.wikipedia.org/wiki/NetChoice