Many of the questions the owners of these companies are facing right now haven't even been considered by legislative bodies. These are questions such as:
- How will I be able to operate my small company website in the future in a legally compliant manner? Some companies even consider turning off their websites completely and - of all things - only use a Facebook page in the future. Hence, ironically we might very will see GDPR actually benefitting companies like Facebook at the detriment of small companies that consequently won't have complete ownership of their content anymore.
- How exactly does a privacy policy have to be worded so I don't get sued on day 1 (in some EU countries this is a very real problem already with legal notice requirements for websites)?
- In which way will I still be able to store data for contacting my existing B2B customers (such as email addresses and phone numbers)?
- Will I still be able to use anti-spam and security plugins for my website? These tools might store users' IP addresses, which in some jurisdictions are considered personal data.
Dismissing these very real concerns by very real people as FUD or even suggesting a foreign power might be trying to undermine the EU is nothing but a preposterous conspiracy theory.