So one of the biggest social platforms in the world will show less and less marginalized voices, because a large percentage of posts seen in a feed are ads. And so, quietly, those voices will be less and less in public awareness. And many of those business will struggle and might go under.
So to the people saying this is about data collection: yes, it is. But if transgender is called a sensitive gender, why is it treated differently than a cisgender gender? And why is being gay treated differently than being straight? Data laws might seek to protect, but they also have consequences.
It’s on Meta and other corps to make sure rulings will end up not unfairly disadvantaging one group. But Meta isn’t doing this. And I don’t believe for a minute that they don’t understand how this will minimize marginalized voices and businesses in the end.