Cancel Culture is a very milquetoast way of describing the damage leftists cause (and the corporations that enable this). It’s not unreasonable to refer to Cancel Culture as economic terrorism. The goal is to intimidate society by publicly destroying a dissident’s life in the hopes that either the mob will kill them or that the dissident will commit suicide due to having every traditional economic opportunity taken away from them.
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You're ignoring the 80+ years of crushing businesses and freedom of association, the very basis of a market economy. They were the original targets. They have since moved on.
Ayn Rand's last speech, "The Sanction of the Victims," talks about this.
"Crushing corporations is good for corporations."
Maybe you're one of the people who think corporations are a special form of Evil, but if you aren't, could you please think of another term to refer to people or corps. that collude with the state to crush the competition?