You're right about the consequences, and the title is misleading, but I think the exact words are probably true. This is aimed at Google and Facebook, in the s

You're right about the consequences, and the title is misleading, but I think the exact words are probably true. This is aimed at Google and Facebook, in the sense that the people voting for it cite Google and Facebook as targets, and the companies advocating it view Google as decreasing their profits. That's where publishers are hoping to find new revenues, and where lawmakers are using public anger to garner support. Unfortunately, the people drafting the law have terrible aim, so it's going to hit primarily startups and not-for-profit sites, raising Facebook's staffing costs slightly while crippling creativity and public access to information. Presumably the people looking to profit on Google links simply don't care about that, although I can't tell whether the lawmakers supporting this don't care about the harms or are genuinely too incompetent to understand what they're doing.