Well it certainly lends credence to the opinion that GDPR and similar regulations are mostly designed for EU revenue generation by extracting fines from American tech companies. The actual privacy protections are secondary.

That'll be the GDPR that protects my privacy and fines people that fuck about with it?

Having worked in multiple EU companies that went to great effort to comply with GDPR and also had legitimate issues that needed to be resolved under threat of real fines, this is just an incorrect take.