> for example, just 12 hours ago, Facebook got hit with another $700 million fine. You don't have to be Facebook for the chilling effect
This one?
"The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace." - https://fortune.com/europe/2024/11/14/eu-fines-meta-840-mill...
Because if so, that's going to have the opposite of a chilling effect, as it is anti-trust.
Likewise, what Apple got with Ireland, while Apple has to pay, it's something Ireland did wrong by illegally giving Apple a tax dodge to encourage it to base itself in Ireland rather than anywhere else in Europe — if that's "chilling": good. We don't want tax-dodgers. If Apple can't be profitable in Europe without dodging taxes, something's gone very badly wrong for them.
Now, I'm not saying the EU doesn't over-regulate, as that kind of claim about any government is like saying that a software project contains zero functions that are never invoked by a user. But I am saying the scope of your rhetoric is not sufficiently supported by the evidence provided.