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Child labor laws and minimum wage also made some revenue models untenable, and the world is better off for it. I want to live in a world where businesses can profit without having to spy on people. This is a good step in that direction.
Besides, the EU isn’t like, banning clothing imports, which have all sorts of EU illegal stuff in their supply chains, because those are EU businesses.
Obviously people agree in principle that there are socially bad business models. I don’t think child labor and ad tracking are remotely comparable. Where do you draw the line? The honest answer is, whatever you get stylized-outraged about, because you have limited intellectual bandwidth and your job isn’t to figure shit out like this.