No they don't. I don't know where you've gotten that information, but none of it is correct.
I mean, a TOS could be written that way. But they're generally not, because companies don't want to self-impose limits like that.
The TOS usually has something like "grant the platform a perpetual, worldwide, royalty-free, non-exclusive license to host, display, distribute, modify, and otherwise use that content in connection with the service".
See the word "perpetual"? That's standard.
A TOS cannot override https://gdpr-info.eu/art-17-gdpr/.
And the GDPR doesn't apply outside the EU.
It sounded to me like you were making a general statement about TOS's.