TikTok being banned is good. Facebook, Instagram, and Twitter should be banned as well. Closed, source, manipulative and harmful algorithms should be banned and these apps all use dark patterns in their design.
The fediverse and open social networks where the algorithms are open source and well understood and the user is allowed to choose their own algorithms is the only safe way to use social media.
The EU seems to be handling it fine, the point is not targeting specific sites but targeting user hostile behaviors against citizens