Didn't happen with EU's internet laws. Instead, we get cookie banners all over the world. I don't think exiting a market full of money because of ideology is good business.
To be fair, it's the USA, starting with the police-state-like Patriot Act, that basically made US companies illegal in the EU...
(I don't remember if there were any revelations in the Snowden scandal about Facebook helping the NSA to spy on EU citizens, companies, governments... IIRC the documents (we got) talked mostly about Google and Microsoft ?)