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The EU is all talk and posturing, you can write any law you want but the tech companies already figured out compliance is optional.
Many companies, including Google, Facebook and similar, have changed how they do things because of the GDPR, and have been fined for not complying.
The Irish government fills its coffers with the largesse of tech companies that are headquartered there specifically to dodge taxes and regulation.
Likewise, while GDPR has some initial changes in privacy after many months of inaction tracking levels started to rebound because everybody figured out nobody was going to enforce it.
Which is quite ironic, because when the GDPR was introduced just about everyone on HN adamantly insisted that one-person startups would be getting a €20M fine every time they made the slightest mistake.
This isn't anywhere near as significant a point as you think.
Or I’m just some moron, posting opinions with absolutely no basis in fact.
Only I can be sure!
Still: that doesn’t make the assertion about the size of Facebook’s FTC settlement and all GDPR settlements as significant as they think, for a bunch of important reasons that start to be obvious once you break it down.
The parent poster could be posting from a FAANG C suite, and it wouldn’t change that it’s an apples and oranges comparison.