If this law somehow ends up hurting multinational commercial platforms and opening up a larger space for personal blogs, hobby sites, and nonprofits, I might even consider it a good law on consequentialist grounds. I don't even care about the impact on startups if all they're trying to do is to become the next YouTube.
In reality, though, this is probably just wishful thinking. We have no idea how "organize", "promote", and "large amounts" will be interpreted; Google and Facebook will find a way to comply at least with the letter of the law; and the heyday of personal websites and ramdom phpBB forums are already well behind us :(
Anything with song lyrics or a giphy post would be in danger of additional censorship with this no?
Any kind of web site that allowed user sign ups would be in danger with this pretty much(?)