I wish the EU was more focused on helping European tech companies become successful, rather than preventing American tech companies from doing things.
For startups and those not yet successful, attitudes to failure, finance and VC tend to be very different in Europe than in the US, which I think is far more significant to success than the EU.
and the massively increased compliance costs will ensure that no domestic small competitor will ever be able to challenge their position
that's some effective change
[1]: https://www.politico.eu/article/gdpr-facebook-google-privacy...
The point was that his comment was a non-sequitor. The EU strengthening Google's monopoly position will not make advertising go away.
(Also, my perhaps naive hope is that the better the Google's market share here, the more damage will be caused by EU regulating the space.)