As pointed out in other comments, the regulation applies to companies of a certain size. It isn't clear of course who will get hit by it in perfectly legal and also fairly, but it's crystal clear who have been abusing their market position and that they will have to stop many of their monopolistic practices.
Sometimes I really do wonder whether some commenters, given their counter arguments, work at a facebook/amazong/netflix/google, or that they hope/dream to work for one of those or all one after the othe, or if they naively believe like gospel what these companies tell them as consumers of their products filled with privacy concerns and dark marketing patterns. Or a combination of the 2 out of the 3. The other possibilities are of course sarcasm or generalised brainwashed syndrome.
I'm against all form of regulations. Life is wild and I would rather advocate education. But hey, since we heavily regulated the 99%, let's at least regulate the 1%. They alone have far more damage power than everyone else combined.