I’m dead certain that the physical location of the servers is irrelevant. As long as google is taking money from European companies for showing ads to European

I’m dead certain that the physical location of the servers is irrelevant. As long as google is taking money from European companies for showing ads to European users, the EU will assert its authority to regulate commerce. Therefore, a hypothetical Google facing crippling fines and unwilling to change, would likely drop service for European customers. Which, in turn, would flock over to competitors who are willing to accept European regulations in order to compete on the European market.