And its way more than enough for large foreign tech companies like FAANG to have obliged with it waaaaay earlier.
Enforcement generally happens upon reporting. So your garden-variety startup or corp somewhere in the US or another corner of the world is unlikely to get reported unless they start to get sufficient userbase in the Eu.
I didn't take it to court because I didn't want my dating history to be dragged out in court.
TLDR: the enforcement is nowhere near enough.
They’ve basically been allowed to willingly and maliciously breach the regulation for 4 years.
Facebook appears to still be getting away with breaching the regulation on so many levels.
If this law only reaches 20% of what it envisions, it'll do more for consumers than other laws before.
The GDPR wasn’t watered down but in the end it just wasn’t enforced (at least not enough) against the biggest offenders it was meant to regulate.