Not making a moral argument. @gkya's comment paints a picture where entrepreneurs unhappy with GDPR are perhaps just a small contingent of incompetent amateurs who shouldn't be doing business in the first place.

While I, in agreement with OC/OP, see it as a threat to the entire industry.

Nearly, what I think is that, those unhappy with GDPR are either malevolent actors or incompetent people. And I think the bar to entry to the industry should be elevated (while bar to entry to learning ones way to that bar and to hacking should always be as low as possible; but you can't hack together and end user product, period).

BTW I'm not in the US not in a country where GDPR is effective. But I CRAVE that my country implement the same measures or better. Unfortunately that's unlikely.

Finally, it's a threat to the bad part of the industry. And then there are those who exaggerate the situation while they are not really affected by the regulation. But the hysteria will diminish and hopefully most of the bad actors wil either change their business or just go out of the industry, searching for other places to exploit (which hopefully they will not find).