I honestly hope so. Having organizations like Meta or Twitter et al control massive sections of the social media landscape is not healthy. Any organization, group, or individual that wants to have an online presence should be able to spin up their own service and publish to any constellation of servers that want to hear what they have to say. I hope the EU efforts to push common standards are also applied to US companies in US markets to make all of the coms services federate like we were promised over a decade ago.