I agree that this is what EU should do now.
"#EU [should] ..start seriously addressing our dependency on Big Tech and invest in real alternative models and services."
"public funds.. must be reserved for open digital infrastructure, software, hardware and standards."
"we also need substantial investment into non-commercial, decentralised public interest social media software like #Mastodon, Peertube and other key pieces of the #Fediverse."
https://edri.org/our-work/meta-and-x-are-going-rogue-here-is-what-europe-should-do-now/