I think it's completely insane to say that any of that is worse now than it ever was. Luckily you only meet pessimism like this in sheltered online echo chambers, so busy whining about Elon Musk or "Google bad" or other irrelevant bullshit, that they can't see beyond their own bubble of ignorance.
The fact that Twitter is dying or websites are collecting more cookies is not a world crisis. The rest of these issues are just caused by USA's capitalist greed, and no amount of activism is changing that, evidently.
No chance they will block out the entire EU market. They will probably just do the same as everyone else and make a specific EU policy.
Actually I think Meta Threads is still not available in EU for the same reasons.