While largely agreeing with Hohn and Twangbanger, they are off a little in the current situation, and I want to point some things out.
So called country club republicans are nearing extinction with most left in the senate. The nearly 40 republican house members retired from the house including Paul Ryan because they could not deliver what they had promised for years when Trump came to deliver it. That mass retirement of RINO's was the main reason Pelosi is speaker. Paul Ryan could have delivered and kept the gavel, but a cush job at FOX News board awaited. The senate with its 6 year terms will change slowly for that reason. At the moment Trump controls the RNC, though if he loses the fight will be on for a good while.
Most of Wall Street is globalists and now have flipped to the democratic side and are playing woke right along with them.
To the OP, Social media was sold as a way for people to connect, no conservative version will be able to succeed with out the traffic. The systems used by most of the social media are owned and no one could legally copy them. FB and Google account for the vast majority of ad revenue out there. We need to revoke the 230 protections and make them choose, conduit or publisher? Not both with protection.
Several attempts have been made to start conservative entertainment but one must look at the funding structure of entertainment. The biggest pot by far is the retransmission fees from cable and satellite subscribers, that is what keep CNN, ESPN, TCM, and even the broadcast networks rolling in the dough. Until that cartel is broken it is just impossible to get on the roster and keep the lights on. As for movies I expect that to a place where as Hollywood continues to drive off the rails for the international audience, (think China) smaller studios can offer Americans entertainment competitively...
I think they've gotten so big that, while they wouldn't give up 230 protections voluntarily, they couldn't be brought to heel over any inconveniences revocation might cause them. Who can really afford to sue Google or FB?
I would think a better tack would be like what was done to telephone and cable monopolies. Force them to carry competitors on their backbone. Competitors would have to develop their own app, but you could have Conservative FB or Libertarian FB or Right of Center Youtube and each would have to attract its own audience and be responsible for its content