We had the same complaints when GDPR was starting to gain steam: "Surely websites would rather just 'go Galt' and shut down than lift a finger to comply with any regulation!" In fact, that's a pretty standard (and IMO ridiculous) talking point from all kinds of businesses when it comes to regulation. We'd rather stop making money than comply with new laws!

I mean, 1. if respecting user privacy means you actually have to shut your doors, well... bye. The web is probably a better place without such a site. And, 2. that's almost never the case. As soon as the regulation takes effect, companies all of a sudden find ways to comply and go about their business making money. It's all knee-jerk complaining.