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The point of the banner has always been to malicious-compliance the users into being annoyed by the laws. Same as when one of the food delivery apps responded to a fair wages regulation by adding a special line item to every single order with help text that directed the user to appeal the regulation, it's just cookie banners usually don't say it explicitly

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The web’s ad markets bake in a loss of privacy by design, and so every website that wants to participate in those ad markets has to dupe as many users as possible into handing away their privacy. Couple that with declining web ad revenues because of the move to mobile apps, and you get a web filled with malicious compliance cookie banners.

Had google offered a privacy-preserving ad model (basing the ads off the content of the page instead of who the user is) things would be very different.

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