Isn’t that the cardinal rule of European tech regulation, design it so that it doesn’t touch European companies?
I wonder what it’s like being an European regulator drafting punitive regulation targeting “very large online platforms” and noticing that out of almost twenty of these companies only two are European.
Is there any introspection as to why one’s regulatory system is failing to produce successful companies in your own backyard? https://digital-strategy.ec.europa.eu/en/policies/dsa-vlops
Discussion
The large tech companies have too much power
The only institutions that can curb this power are the governments
But US democracy is hobbled by a lack of campaign finance regulation which means that the tech company "donations" inhibits any politicians from exerting meaningful control over the companies
Luckily EU democracy is not so hobbled, so the EU democratic institutions can impose regulations that meaningfully curb the power of the tech companies in favor of the users