Earlier quoted context omitted.
No need to invent new jurisprudence - if the location data can be used to identify an individual, it is personal data under the GDPR and enjoys all the rights and protections enabled by the regulation.
The GDPR doesn't apply to most of the world, it's awful legislation anyway. It's not your data, it's my data about you, I own it, it's in my databases, and if you don't want me to have it, you shouldn't have given it to me freely to begin with.
And there you have the main difference between European and US laws and mindset. Because it is my data, you are only allowed to store it in your database as long as I say you can, and you can only use it for what I have agree on. Since it is my data you cannot give or sell it to anyone else