> Do those regulations really "ensure that [incidents like this] could not happen"?

Regulations never prevent stuff happening. They offer recompense when they do. Laws don't either.

In terms of distribution of fines, it is rare.

Something prevented these services from originating in the EU to begin with. If not overregulation, what's responsible?

	▲	diffeomorphism 3 days ago \| parent \| next [-]
		History, venture capital, single language market, ... . Probably a dozen different factors you could point at instead.
	▲	Ralfp 3 days ago \| parent \| prev [-]
		We've had services like that. But US competition employing thousands of people and churning billions in budgets killed them off.