New social platforms in Europe?

There could become space for several “new” social platforms in Europe soon.
Could also free Europe from future US manipulations through Facebook.
A win-win, I would say.

https://www.cityam.com/mark-zuckerberg-and-team-consider-shutting-down-facebook-and-instagram-in-europe-if-meta-can-not-process-europeans-data-on-us-servers/