Excellent comment, and fully agree with that.
With freedom comes responsibility and so forth. One persons freedom should not remove another's - which is what the platforms are doing.
The EU are ready to act https://twitter.com/NetopiaEU/status/1338879633392070656
Equally the EU isn't applying the same regulation to every company, the most significant ones only apply to companies with 10% market share. It would be quite plausible for gay friendly social networks to spring up to fill that gap, and I would entirely expect it to happen. Apps like Grindr basically proves it would happen.