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Many small business rely on wordpress because it's free and hosting is cheap. There's plugins for nearly every functionality you can imagine. Perhaps having them migrate to proprietary systems is the better solution, but I can't help but feel it's a net loss for the World Wide Web.

On the contrary, I think this is secretly a benefit. As soon as WordPress updates to include all the necessary tools to be GDPR compliant, every small business using their platform should be able to easily pull those features in with minimal developer work. The common platform is a boon here because it helps everyone work together on the issue, rather than requiring the smaller players to implement a mountain of work by themselves.

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