It's no surprise that Meta has declared transphobia and homophobia to be a-ok on their platform.
It was their hidden rule for the entire time Facebook existed, because trying to report both bigotries often ended with no actions taken by the moderation teams. And thanks to the demand of 'real name,' Facebook has outed trans people who used their new name rather than birth name (where many can't afford to shill out 300 or more dollars. That's how much my name change costed!).
So Meta just being up-front about what it already did for years is not a surprise. I guess with fascists in charge in the US, they feel free to be bigoted ass-shits.