No, if they retract in a way that complies with the law, their liability is removed. Texas has a similar law and this why Alex Jones had to apologize to James Alefantis  https://www.youtube.com/watch?v=neAptXNwAL8 My guess is that this is what people referred to as censorship on reddit and other sites people were engaging in constant defamation.  Defamation, of course, is not free speech but opens you up to be sued for damages.