The EU regulations are often quickly adopted in other market places in similar fashions. Leaving the EU might be a calculation worth, but leaving the rest of the world is often prohibitive.
Do not forget here: These are countries which existed hundred of years before FAANG and will exist hundreds of years after FAANG. They have to protect themselves as a society but also as a constitutional body. If you let the monopolies go their way, their own constitutional existence is in doubt (example: these companies have already gigantic control on aspects which are governed by law hate speech, nudity, etc or are normative in the society). Long rambling, short reply: Other countries will quickly adopt these laws to keep long-term relevant.
> example: these companies have already gigantic control on aspects which are governed by law hate speech, nudity, etc or are normative in the society
Yep. Its amazing how the rest of the world tolerated being moderated on the Internet per - mainly American - foreign laws and even cultural norms up until this point.
Do not forget here: These are countries which existed hundred of years before FAANG and will exist hundreds of years after FAANG. They have to protect themselves as a society but also as a constitutional body. If you let the monopolies go their way, their own constitutional existence is in doubt (example: these companies have already gigantic control on aspects which are governed by law hate speech, nudity, etc or are normative in the society). Long rambling, short reply: Other countries will quickly adopt these laws to keep long-term relevant.