The CDA, COPPA, DMCA, GDPR and copyright directives were all predicted (hysterically) to destroy the Internet. Oops, it still exists.
GDPR is fine. The only annoying thing about it is the petulant malicious compliance banners that some sites started using in response. Unfortunately it didn’t destroy the ad/tracking based internet, but that was probably too optimistic.
Now it's obvious of course.
The broader issue with GDPR is the benefit it gives incumbents over startups.