Even with anti-trust, I think the EU comission is probably correct that social media platforms may need more direct lines of contact with platform regulators in exchange for being larger players, just because of the intrinsic network effects that exist in the space.
Your preassumption seems to be that centralised networks are somehow unavoidable in tech. I would argue otherwise - both Facebook and Twitter could exist decentralised - it would just be less profitable for the companies.
Now that we see what ad based, centralized social media / surveillance companies lead to, more and more people have reasons to take their business elsewhere.