These laws have been created for good reasons, and US tech companies have had free reign to trample on people's privacy rights for a very long time.
If a company acts in a honorable way, there's nothing to fear and they can easily do business world wide. It's when companies do things that are shady and should've been outlawed from the start that they run into trouble. The main issue here is that the US has the least restrictive laws and allows its citizens' privacy to be grossly invaded, which means these companies now feel like they're being unnecessarily restricted.
If the US had stricter laws, this would be a non-issue and you wouldn't hear anyone about it. It's all very myopic and US-centered to focus on the company's freedom to do as it pleases. What about the users' freedom to live without being spied upon? Free market rules don't apply - the network effects are too big to really say "you can take your business elsewhere if you don't like it". Also it's a transparency issue - it's too hard to tell from the outside how your data will be handled to make an informed decision about what companies to deal with. Especially because all of them treat your data like they own it, as a cash cow.
If a company acts in a honorable way, there's nothing to fear and they can easily do business world wide. It's when companies do things that are shady and should've been outlawed from the start that they run into trouble. The main issue here is that the US has the least restrictive laws and allows its citizens' privacy to be grossly invaded, which means these companies now feel like they're being unnecessarily restricted.
If the US had stricter laws, this would be a non-issue and you wouldn't hear anyone about it. It's all very myopic and US-centered to focus on the company's freedom to do as it pleases. What about the users' freedom to live without being spied upon? Free market rules don't apply - the network effects are too big to really say "you can take your business elsewhere if you don't like it". Also it's a transparency issue - it's too hard to tell from the outside how your data will be handled to make an informed decision about what companies to deal with. Especially because all of them treat your data like they own it, as a cash cow.