[zaarn]

>But I'm not sure the EU has any moral/ethical right to dictate that business models that have supported highly successful businesses with literally unprecedented levels of popular support should no longer be viable, and the conditions we're talking about here look awfully close to allowing that.

I would say that being popular does not correlate with being good and moral. Being successful does not correlate with being good and moral either.

>Most people I know demonstrably are willing to give up some privacy in return for the convenience that Facebook provides to them.

The patient is not always right. A lot of people would give up privacy for facebook because in the faustian bargain, the short-term benefit outweighs the long-term consequences.