That is the theory, but not how the web works in reality.
SaaS projects usually service the whole world. I have not found a single solo founder who does that in a way that is compatible with the GDPR.
If the EU would try to enforce the GDPR worldwide, it would mean the EU gets cut off from 99% of the internet. Then Europeans can only use giants like Google and Facebook. Because smaller players can not duplicate all of their infrastructure using tools based in the EU.
It won't happen. It would be as if the EU sanctions itself into stone age. Imagine the physical industry would be told that it can only use parts made in the EU from now on.
SaaS projects usually service the whole world. I have not found a single solo founder who does that in a way that is compatible with the GDPR.
If the EU would try to enforce the GDPR worldwide, it would mean the EU gets cut off from 99% of the internet. Then Europeans can only use giants like Google and Facebook. Because smaller players can not duplicate all of their infrastructure using tools based in the EU.
It won't happen. It would be as if the EU sanctions itself into stone age. Imagine the physical industry would be told that it can only use parts made in the EU from now on.