Comment by belorn

As a European, I am 100% ok with EU banning Facebook and other large advertisement funded platforms.

When GDPR was created there was a huge wave of people arguing that Facebook and other similar platforms would withdraw from EU. That did not happen, but if it had it would have been perfectly fine. Instead most American companies decided to create EU specific version of their platforms in order to comply with GDPR.

The next wave of privacy protecting regulations will likely recreate similar reactions. Those companies that want to stay in EU will comply, and those who don't will withdraw and give space to new ones. The trend of moving to national platforms/cloud providers has already started and been going on fairly strong in my country, especially from government organization and defense adjacent companies.