The ol' gay flag was better, this one has an overly convoluted design, flags have to be as simple as possible.
They thought the original pride flag color coded lgbt into specific color categories and felt it wasn't inclusive enough for the modern era. Of course this wasn't the case but ,like most things stemming from ignorance, the people that made the new one didn't care about that and placed things with no rhyme or reason in order to color code everything which ironically destroyed the meaning of the original.