"customers’ real-time location information, revealing where they go and who they are.”
All of them did it. That either means collusion or they're all evil and bold enough to do this despite the risk. Either way, this was not an accidental slip up or a hack. Jail time and a crippling fine is the solution. This is neither.
Well, you can sue them directly... Or you could, if you can show that you have standing. That means if they shared your specific personal information illegally then you could sue them. If you're lucky, some blood sucking lawyers will do the leg work and find out the details. Then they'll file a class action lawsuit against these companies and we'll all get emails saying, "You may be eligible for compensation! Come to our website and give us a bunch of private information so we can see if you are owed big bucks! Oh, and we promise we wont sell your information, you can trust us!"
They never claimed it to be about privacy from American corporations. That’s why divestment to an American ownership is an option in the bill. They don’t want tremendous amounts of American user data to be collected by a company beholden to the Chinese government.
But that's the thing. US corporations are sure as hell to continue that same data collection and sell it. China does bulk data buys from US social media companies. The ban does not in any way do anything to prevent the Chinese government from obtaining that data. It's extremely obvious cold war political nonsense.