We've moved most comments to https://news.ycombinator.com/item?id=17127930.

Hope that apology isn’t taken at face value and they get hit with more regulations along with punishment.

The last few minutes are interesting and might answer your doubts: https://www.youtube.com/watch?v=ly2-2Wk90pw&t=2h15s

Almost certain it is not. EU is way more consumer friendly then USA and FB is an American company.

Its also toothless and has no powers to speak off.

The HOC and HOL can do you for contempt if your really piss them off and if the HOC select committee say Mr Zukerberg is not a fit and proper person that would have major consequences - see how even Rupert Murdoch went before them.