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ohh, how would the EU survive, the omnipotent, omnipresent and omniscient US tech that has improved our lives beyond recognition, and we are eternally grateful to the tech gods.

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Fun fact: there was a thriving competition between social platforms in Germany before Facebook came in as an established US player and squashed the rest. There was actually a tendency towards purpose-built social networks (more akin to what we've been seeing recently) until Facebook. They also didn't rely on the same kind of algorithmic advertisement which meant they had to come up with more interesting ways to sustain themselves, which of course turned out to be a market disadvantage when directly competing against a US company that thinks privacy is the name of a place in France.

Constraints foster innovation. If US online services companies were unable to operate (directly or via subsidiaries) legally in the EU market, this could actually create an advantage for EU (and especially DACH) companies. Remember that the US has literally fought wars and orchestrated regime changes to convince countries to let its companies operate in them.

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