At best it's supposed to mean no reprisals from public institutions, such as the TSA, IRS, DMV, and the like.
If I’m engaged in a business transaction I don’t care about the personal views of the person I’m buying or selling from. Call me old fashioned but the world used to be that way before the rise of social media addictions and the current online echo chambers in our society.
While it worked out very well indeed for GM in a commercial sense in that they retained control of the business, it continued to be profitable and the U.S. Government paid for damage to their factories due to Allied bombing, history has a less favourable view of the individual people involved.
> If I’m engaged in a business transaction I don’t care about the personal views of the person I’m buying or selling from.
I mean that's perhaps the ideal in a civilized society, but that's not remotely the norm. I'm guessing you do it subconsciously even if you don't realize it. It's very natural for humans to "other" different humans and shun them. Even if it's not what we strive for.
If I find the person’s views abhorrent, not a surprise I would choose not to do business with them if I had alternatives.
A world where your every word is analyzed, scrutinized and ground through the sausage factory that is current popular trends and then used for or against you at arbitrary times in arbitrary and distantly connected ways is a world that is pure hell. Most of us experienced something similar in middle school. Many might have experienced such a world in small insular communities where everyone knows your business. What good is freedom of speech when social norms make it such that exercising that freedom is punished just as destructively from society itself as it is from the government? If you can lose your income, your livelihood, access to food or even your home from private institutions reacting to your speech – and that is a normalized thing to happen – how is that functionally different from being jailed for your speech? At least if the government jails you for your speech, they have to house and feed you. If your industry blacklists you, and your bank freezes your accounts, and your grocer closes the doors in your face, then what do you do?
Should apartments disqualify you from renting a place because you support Palestine or Israel? Should banks deny you a mortgage for what religion you subscribe to? Should your boss deny you a promotion because you are a registered democrat? Should your company fire you because you are a registered republican? Should the local pharmacy refuse to serve you because you support the black panthers? Should you local grocery store refuse you entry because you donate to the salvation army? If you support unions should AT&T cut off your phone service? If you support right to repair should Amazon stop shipping to you? If you support Net Neutrality should your ISP deny you service? These are all private individuals or corporations, and of course "freedom of speech is no freedom from consequences". They probably do (modulo some court cases restricting that in certain circumstances) and should have that right if they really chose to exercise it but having the right to do something is not the same as whether you should do something, or whether doing that thing should be a normal thing to do.
Mind you I think no one should post about any major issue on social media because I consider posting on social media to be the equivalent of trying to hold a debate by way of bumper stickers. But people do post about major issues on social media. And some non-insignificant fraction of those people are going to be "wrong" on one or more of the things they post about, and sometimes egregiously so. But I don't want to live in a world where it is routine for someone who is on the opposite side of an issue as me to be denied a mortgage, even if that means they might become my neighbor. I don't want to live in a world where someone who is "wrong" about some massively complex multi-decade geo-political minefield is denied promotions or hiring, even if that means I might work with or for them. The personal might be political, but not all of us have the luxury of being able to live in politics all day long, and only associate with the right kinds of people. Not all of us have the luxury to be allowed to have the right politics, whether because of lack of education, or possibly because of those same private individuals and corporations already exercising their right to inflict "consequences".
Private companies and individual might and should have the ability to make their own association decisions, but that doesn't mean I don't want them to hold themselves to high standards and aim for impossible to achieve ideals. Because the alternative is that we live in a world where either you or I are at serious risk of losing everything we have because of this exchange.
That is the ONLY purpose of “free speech” - that governments and their institutions cannot prevent you from speaking freely.
And even there, some small exceptions should be carved out in terms of clearly unambiguous hate speech and bigotry. But with the Republican Party (in America, specifically) becoming Christofascist fundamentalists (Canada has the CPC and it’s openly racist little sibling, the PPC), good luck with blunting the hate speech and rampant bigotry that is the conservative platform’s bread-and-butter.
I'm not sure I look forward to an America where the social norms, when the "Republican Party becoming Christofascist fundamentalists" is voted into power again, that make it routine for people to be denied employment, banking services or promotions because they aren't sufficiently Christian.
Freedom from governmental intervention is ONE purpose of free speech. But without social norms that encourage private restraint as well, we would be living in the very same Christofascist hell you already fear. Ask anyone who grew up in a small insular town what sort of damage "private" individuals can do when the social norm is punishing you for speech they didn't like.