Not if it's run through a European subsidiary surely
They still do since they're a subsidiary/related.
Microsoft tried to get around that by not hosting in the EU but having a european trustee do it for them.
That got us the CLOUD act
The rulings this past week specifically contradict this. Subsidiaries of US corporations are subject to illegal-under-GDPR data collection requests by US authorities, just as much as any other US corporation, as the subsidiary has no legal protections under US law from GDPR-illegal requests by its parent.