Yep, it will cost money, but the big companies will have compliance automated, and will continue business as usual.
Now about the small companies, the ones that can will shut down European operations and continue elsewhere; the ones that can't, in particular European startups and small tech companies, will have to close shop or face severe penalties every year.
In the end, most of the damage will be done to small and medium European tech companies.
Now about the small companies, the ones that can will shut down European operations and continue elsewhere; the ones that can't, in particular European startups and small tech companies, will have to close shop or face severe penalties every year.
In the end, most of the damage will be done to small and medium European tech companies.