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No, because regulation works; or can work. We can require them to follow our laws because they're invested in our market too.
There are regular fines for GDPR violations for example; it just feels like our checks and fines need to happen faster and harder.
China regulates their platforms like TikTok differently in their own country than outside. We can require the same.
How do you regulate closed-source code to be free from back doors for spying and sabotage, and black-box feed shaping algorithms to not have bias and shadow-censorship for mass manipulation?
Don't rely on enemy services in a cold war, no matter how much they seem to follow your regulations.
Recent EU legislation already requires insight into feed algorithms. They're not allowed to be black-box on huge platforms.
Back-doors is another issue, but depending on the kind of personal data, EU legislation already requires separation and different levels of protection.
If data being sent to the US can not be considered safe, it can not be transferred without explicit and informed consent. US firms create EU firms to have regional legal entities. They can store private data locally, within the EU.
1.Provide a code that's not the one running
2.Then commit to use the code you provided
3.Change the code back again right after the investigation stops.
With all delays you can legally add to the process, by the time, you've helped electing enough neo-fascists around, who all rely on you, to shut down the whole case.