Pretty much that.
After GDPR many small shops refused to work with EU IP addresses and just redirect to a page with some disclaimer.
But big players (who were consulting politicians when GDPR regulations were written) only won from GDPR, they don't need to show the cookies banner all the time on their platforms and still have a lot of power over your private data.
Certification of software is always expensive, so expect new open source licenses: "Open source as usual, but if you are from EU, you are not allowed to use that code".
Or expect Amazon to take an open source product, close source their fork, do certification and provide SAAS.
Again, there are companies who can do some commercial support for their code, but they are really could not be interested in adopting all the EU regulations.
But big players (who were consulting politicians when GDPR regulations were written) only won from GDPR, they don't need to show the cookies banner all the time on their platforms and still have a lot of power over your private data.
Certification of software is always expensive, so expect new open source licenses: "Open source as usual, but if you are from EU, you are not allowed to use that code".
Or expect Amazon to take an open source product, close source their fork, do certification and provide SAAS.
Again, there are companies who can do some commercial support for their code, but they are really could not be interested in adopting all the EU regulations.