Most likely true, tech companies are probably secretly lobbying for these idiotic laws which end up increasing the cost of starting competitors. Ruining the end users experience on the web is just a side-effect, which may still help people to use apps with login into private gardens instead of browsing an open web.
Paying 200M fines is nothing if it discourages competitors from innovating and creating the next Facebook, after all.
It's a bit like what happened with VATMOSS. It was meant to hit Amazon and force them to pay VAT in each customer's country and not just in Luxembourg - and it ended up complicating the life of small e-commerces so much that they all moved to sell on Amazon instead of running their own e-commerce.
