Earlier quoted context omitted.
> I see this as yet another tax on (European) startups who have to invest even more resources into regulatory compliance. This also affects American companies and the degree it affects you primarily depends on how much of your business model was depending on you doing nefarious things with customer data.
Of course this affects american companies, as the whole thing is primarily designed as a weapon for the EU against US dominance in the consumer space. The big problem for the EU is that consumers actually choose the best product in a free market (the internet of free services), and they overwhelmingly decided to use the US-based options. All the framing as "nefarious" is propaganda, consumers choose freely the option…
It really isn't.
The EU are global leaders in data protection, and it comes from a belief that the right to a private life is a fundamental human right.