Well if they're not operating in the EU then they're not collecting EU user data ;-) On a more serious note, if this spurs other companies into developing prod

Well if they're not operating in the EU then they're not collecting EU user data ;-) On a more serious note, if this spurs other companies into developing products and services that align with EU privacy standards, then all the better. It's not like Meta/FB is a huge contributor to employment or the economy in the EU.