I think you are spot on, but maybe for a different reason. The EU has looked at the practices of large tech companies in the USA and decided that the way that t

I think you are spot on, but maybe for a different reason. The EU has looked at the practices of large tech companies in the USA and decided that the way that these companies are collecting personal information and selling it for profit is something that should be progressively phased out. So not being able to create a company that harvests personal data seems like a win for the GDPR. The next step would be to reign in the large companies that have been able to use their resources to continue the practices that the GDPR has set out to limit. As a side point, I work in a tech startup in the EU that was founded post GDPR. We have no issues being competitive and also complying with the GDPR, however we do not make our revenue by selling personal data.