I wasn't referring to FAANG, I was referring to smaller devs/admins who try to keep up with analytics and don't have ridiculous amounts of money to work with lawyers to see what they are doing for analytics for the sake of improving their service might be landing them $1m fines for some new rule in some geographical locations.
Well, if they want to operate somewhere, they have to follow local rules.
I doubt American companies wouldn't comply with American law, European law is no less important than the American one and I don't see a reason why we should be accommodating towards foreign businesses, especially, again, those of a country which is a threat. Big companies shouldn't serve as a model to follow.
That's the problem: web should be global and open: a website shouldn't be bound to laws of somewhere. It's 2022 and forcing following local rules for a web based global service only does harm to users (and the service).
A basic example: government of my country requested all data and payments to/from PayPal to be controlled by them, PayPal naturally rejected it, and they got banned from my country.
Now who is affected? Us! The whole world can use PayPal to send/receive money pretty much everywhere, but we can't.
These regulations and "needing to follow local rules" itself is alone a reason for a completely decentralized-countryless web to succeed.