> Nothing to do with Brexit
It literally states this move is prompted by Britainâ(TM)s exit from the EU. How is that nothing to do with Brexit? This move has absolutely been enabled by Brexit.
Companies in general, move their operations to wherever is best for them. That might mean cheaper, or it might mean fewer rules to protect users from their practices. In this case I think it's both; they are certainly not moving to provide their users a better experience.
I have used "these co-called privacy regulations" several times to deal with companies that failed to handle my data properly, including forcing one company to erase my data, prior to them subsequently being hacked. My data was never leaked.
You are right that some users do not care, but that says more about their ignorance than anything else.
I have also worked at two different companies and been involved in work to tighten up user data practices, specifically because of EU regulations. It's been painful, but in the end we have better designed systems as well as having much more control on how customer data is used. To say the regulations do nothing is ignorant at best.