[philipwhiuk]

> Do those regulations really "ensure that [incidents like this] could not happen"?

Regulations never prevent stuff happening. They offer recompense when they do. Laws don't either.

In terms of distribution of fines, it is rare.

[CamperBob2]

Something prevented these services from originating in the EU to begin with. If not overregulation, what's responsible?

[diffeomorphism]

History, venture capital, single language market, ... . Probably a dozen different factors you could point at instead.

[Ralfp]

We've had services like that. But US competition employing thousands of people and churning billions in budgets killed them off.