Most things do dèbute in the EU, unless the product or company behind it doesn't value your privacy. Meta does not value your privacy.
Each new large regulation adds another category of company to the list of those who choose not to participate. Sure, you can always label them as companies who don't value principle X, but at some point it stops being the fault of the companies and you have to start looking at whether there are too many enormous regulations slowing down tech releases.
The word fault somehow implies that something’s wrong - from the eu regulator’s perspective, what’s happening is perfectly normal, and what they want : at some point, the advances in insert new tech are not worth the (social) cost to individuals, so they make things more complicated/ ask companies to behave differently.
Now I’m not saying the regulations are good, required, etc : just that depending on your goal, there are multiple points of view, with different landing zones.
I also suspect that what’s happening now ( meta, apple slowing down) is a power play : they’re just putting pressure on the eu, but I’m harboring doubts that this can work at all.