The EU is just doing the same as it has always done, hampering inovation to preserve the status quo, but they are oblivious to the fact that a ethernet cable is tightening its grip on their throats.

Will the EU fall behind, or are they protecting their own interests?

The Bigdata Godkings will threaten and bully your liberal democracies but they cower before the CCP.

I don't know specifically what these companies are complaining about (source?) but if it's about protecting people's data, I think the EU is doing the right thing. It would be important to know specifically what we're talking about.

The EU has kept itself out of tech innovation for decades for many reasons and hosts no own networks to speak of, part of which is subservience to US empire (much better to have your thought updates delivered directly by the hegemon). But this one doesn't get me worried. First off, if META complains, I'll automatically assume you stopped something horrible. Second, AI is a useless, hallucinating bubble that deserves to go away.

if it relates to the amount of data they share with brokers , it's probably not a bad thing as they all make a fortune off that

but as others have said, if you're on their platforms in the first place, it's already been shared everywhere