Gay Pride - or Lesbian Strength and Gay Pride as it was, briefly - was valuable at one point, when being gay meant you could lose your job, or even your life, and being lesbian mean you could lose your job, or your children.
It took guts to march under those banners at one time, and it was an occasion to feel, for once, not isolated and threatened.
It grew into a commercial, male-dominated event, and then into something vaguely for 'queer' people, which is actually anybody and everybody, with a big emphasis on transness.
It's benefit to young lesbians and gays - particularly young lesbians - has sunk to below zero.
I've referred previously to posters and local newspaper ads for 'Pride Week' I saw in a small town in Ireland. The accompanying photo was of a grotesquely-made up drag queen. That was the only image of being lesbian or gay being promoted.
I could imagine a young person in the area taking one look at the ugly parody of femininity and thinking 'If that's what gay is, I must be something else'.
It would be no loss if it disappeared entirely.