Honestly I think the point they are trying to make is that they don’t need US-based behemots to control internet in Europe. Take Russia for example - they have vkontakte (if i spell it correctly) and politicians are all fine watching grandkids there; some probably dont even know what “facebook” is, as even POR doesnt speak English and constantly uses translators.

Whats happening in real i think is that EU realized it will never be able to chop Google or Facebook in pieces so they make it harder for these companies to exist on local market. At the end of the day free market still rules in Europe - if Facebook disappears their hole will be quickly filled in with 20 other social networks “made in European Union”.

Won't these “made in European Union” social networks have exactly the same problems as the Americans in complying with the regulations? In Russia and China, I believe they just openly discriminate against foreign companies.

You are aware that it's pretty much only American companies that are bitching about GPDR, right?

EU laws already cover EU companies as a matter of domicile. GPDR only applies the rules of service delivery already present in EU. EU service delivery rules say that a service is delivery point is considered the place where the service consumer is, not where the provider is domiciled.

We don't know how enforcement will look just yet, but at the end of the day, court-related decisions are made by humans and its hard to argue that Facebook version made in France will be less or equally looked upon in European court than Facebook made in Silicon Valley, U.S.A.

Quite, but this ruling seems to strengthen Facebook's hand not weaken it.

I'm not so sure. Take a look at Google and YouTube:

YouTube regularly blocks fair-use videos (remixes, criticism, etc) because the automated filter finds something that matches and can't recognize context.

Google regularly gets DMCA takedown requests for search results that go to official websites and YouTube ads/trailers.

My Facebook feed is covered with old acquaintances sharing news links and other such content.

It seems like it would be really easy for Facebook to run afoul of this, just due to others' incompetence.