Nerfed carrying a lot of water here, neglecting the fact that big tech is successfully using the US federal government to threaten the whole of EU if they are slightly mean to Zuckerberg + friends.
That is part of it, but e.g. GDPR enforcement has been dismal since its inception, also against European companies. E.g. "Pay or Okay" is widespread, although it's clearly illegal.
https://noyb.eu/en/noybs-pay-or-okay-report-how-companies-ma...