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No. For example:

American companies fines tend to be highest since they are biggest and revenue affects the fine amount.

A European-only, or even one that only primarily serves Europeans, likely won't make it to the front page as easily on the moderately American-centric HN - which further makes it seem like the only companies getting sued in the EU are American

I’d think that EU companies are also have a better shot at not running into trouble given that they’re hopefully more familiar with them

Depends. Do you go and read European news about such cases, or just check HN when they post about a FAANG EU fine?

Pretty much the latter.

No, they also fine American companies in China and in Australia.

Plus Canada and Japan.