I, personally, just don't see having to pay a fee for hyperlinking to be a good thing in any shape or form. The concept seems absolutely ridiculous. Hyperlinking is one of the most basic features of the internet and is essential for the sharing of information.
Recital 33: " This protection (being that of publishers and authors' content) does not extend to acts of hyperlinking".
Recital 38: "...the responsibility of online content sharing providers pursuant to Article 13 does not extend to acts of
Article 11 paragraph 2a: "The rights referred to in paragraph 1 (which is the rights holder being able to claim compensation for use) shall not extend to mere hyperlinks which are accompanied by individual words" (meaning that hyperlinks are exempt from tax, fee, licensing or any claims of renumeration).
And I don't think it's a good idea to make platforms liable for their users having posted copyrighted material. My concern is that sites will create vast overreaching AI driven filters to remove or block copyrighted material that will not be able to distinguish between content that has been transformed through fair-use, all just to avoid getting fined.
The Directive makes no mention of any fines. There is no European or national authority that will look for copyrighted material being posted and then fine the platform it's on. The Directive calls for licensing agreements to be concluded between the platforms and the rights holder which will settle the details of any liability issues that might arise. It also instates thorough redress mechanisms in the event that material was unduly removed, states that automatic blocking of content shouldn't happen and requires non-infringing material (such as fair use material) to remain freely available.
Article 13.2a: "...shall not lead to preventing the availability of non-infringing works or other protected subject matter, including those covered by an exception or limitation to copyright."
Article 13.2b: "Any complaint filed under such mechanisms shall be processed without undue delay and be subject to human review."
Article 13.": "Special account shall be taken of fundamental rights, the use of exceptions and limitations as well as
ensuring that the burden on SMEs remains appropriate and that automated blocking of content is avoided."
I agree that there are genuine concerns but much of this is exaggerated and few who raise your arguments have taken the time to actually read the law or understand what's actually in it. Hopefully this helps you understand it better.