That’s the obvious political side effect of the european stance in this, I still think there’s no magical difference between the US and Europe and the more blatant evident differentiator is that they are not tanking their own economies by regulating Meta’s data gathering.

You can also spin the other way around: America doesn’t do the obvious right thing because of the pressure the corporations can put on the legislators.

For the same reason the EU is doing anything at all: those companies are american.

You can bet your ass if those were europeans you would see the opposite happening. See: tiktok.