The impact of this, globally, is going to be horrific. Folks outside of the EU, you're going to run into the edges of this too. For folks inside the EU, this is the end of popular culture production and participation online. Say goodbye to the Internet you loved. https://t.co/aR9fXrrTgL
If you thought GDPR compliance was annoying, this is going to be the black death compared to a mild cold. If you have a business model that involves taking in content from the public online, it's time to get out of that business, because this just made it impossible.
That's ok, though — a read-only internet that only has content from major international companies is a good internet. You'll know it's good because it's the only internet you're going to get.