Props for the heads-up to "headline-only readers".

> a largely bureaucratic way to extract extra money from Google/Meta/Amazon in the EU

This can not be overstated. The EU should concentrate on creating things of value of their own, like privacy first services, not constantly prioritizing leeching off innovation and progress in other countries.

Speaking as a concerned European here, with plenty of criticism of the way the potential for liberating human knowledge and interaction using the fantastic technology at our disposal has largely been corrupted by FAANG et al and ad tech.