Every European country /and/or EU/ECC as a block, as well as every other nation or block, should follow this up as soon as permitted to have all social media apps operated by a foreign country be subject to the same legislation.
TikTok will have to sel to the US, Netherlands, France, Germany, Turkey, Gabon, Vietnam, Thailand, Mexico, Egypt etc etc etc.
That will of course also go for all other social networks as well. The threats this bill highlights are universal to all social media operated outside the control and ownership,
Twitter, Facebook, Instagram, Snapchat, YouTube, WhatsApp, will either have to stop operating outside of the Unites States or they will need to be sold to every country they wish to operate in.
Certainly, a small state has the same rights and the same cause to protect their citizens from the surveillance and manipulation from foreign owned social networks.
From a geek perspective this would be great. We would get smaller entities that would need to interact with each other in so far as that would be possible or attainable.