Privacy regulations may force Meta to shut down Facebook, Instagram in EU

Two thoughts spring to mind here -

Thought #1 - Who wants to seed-fund an EU based FB / IG clone in the hopes that this isn't a massive game of bluff on Meta's side?

Thought #2 - What are the odds re Meta actually taking its' ball home in a huff vs the EU backing down? My gut says that Meta will 'magically' find a way since they aren't going to want to walk away from the EU revenue stream .... especially not since I'm surely not the first nor the only one that has had Thought #1

(I'm aware that this announcement is part of an obligatory statement of worst case scenario requirments)