I think even for Americans who like the anti-gatekeeper regulations, you might worry about the precedent for the powers European governments get over these tech companies as the other thing they want is removing as much encryption as reasonably possible, which you may not want. Those changes seem quite unavoidable though so maybe it’s not worth thinking about them together.
The more damning thing IMO is the whole ‘America innovates Europe regulates’ trend. I think it seems pretty important that the EU (and U.K.) work out how to escape the anti-innovation troughs they have found themselves in. Or perhaps by 2050 the EU will largely be a tourist destination where citizens watch ads for the American tech companies to make profits to be highly taxed by the EU to fund subsidies for the German auto industry to sell cars to Americans and Chinese.