The trend seems to be going global. In addition to the UK, Brazil, Australia, Nigeria, Germany, South Korea and Turkey are all either looking at or implementing similar regulatory frameworks. This means US companies powering digital innovation will be fighting on (at least) three fronts — one for technological progress, the second to keep competitors at bay, and the third against a raft of new regulations being pushed by world governments who are increasingly rejecting free market principles in favor of an approach that’s beginning to seem a lot like top-down economic planning.

There’s a possibility that the Trump administration will, at least in some form, push back. But in the meantime, the regulatory hurdles are getting higher and the fines are getting bigger.