Yup... I wonder if these people know what they're advocating? It's France and Europe and they're cool. It's Facebook and they're rich, that's not cool. So, absolutely! We'll hold that side of the argument! *sighs*
Wait until it's China saying that we've gotta censor our content to meet their laws. Wait until it's the US saying that a company in France has to meet US laws. That all, of course, changes when/if they're physically in France, have hardware in France, or are processing payments in France. Facebook is doing all of those things. Thus, Facebook is beholden to France's laws in regards to those processes, hardware, and persons. That does not mean I'm liable to France. I have no hardware in France. I do not accept payments *in* France. I do not have employees in France.
I hate Facebook as much as the next guy and don't even have an account - I've even got their silly scripts and whatnot blocked. However, I'm capable of looking beyond Facebook. Thus, I was specifically referencing the OP's Option #2. My response to that is, "Fuck no." I wonder what these people would be saying if the reverse was true and was a French company and US laws? Have they actually thought this through and realized what they're saying? And no, it sure as shit doesn't matter if I have ads, "target" France's citizens, accept money from them, or whatever. No... They can piss up a rope. If they don't like it, control their borders. I'm not putting up a cookie notice. I'm not expending the energy to do so. They can fuck right off if they think I'm going to. They've got borders. That's their limits. Until I am within those borders, they can stuff it.