Re: "Well, as most of the larger internet companies are US based...."
If the US security obsessives have their way and all such companies have to report home to Uncle Sam whenever the NSA, FBI, CIA and Homeland Security et al want them to that unique dominance of a multibillion dollar industry is going to go down the flusher in no time flat. However, of course you are quite right about the current situation. Any attempt (currently) to claim that these poor American corporates are being unfairly picked on is risible. They are the largest part of the market - until the barking wing of the US politics and security apparatus destroys it of course.