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Traditional internet is killing itself
Just these monolithic social media companies really. And I don't really consider anything "web 2.0" to be traditional internet. Newgrounds was traditional internet.
I would say the traditional internet was before the time of corporate ruled media, so in that case I'd say corporate internet is killing itself and and media is going back to traditional, at least with respect to the Fediverse.
The fediverse came just in time. I wouldn't have even heard about lemmy/kbin or mastodon if reddit hadn't shut down 3rd party apps.
They seem like they're trying to bleed a stone.
Nah, Web 2.0 is killing itself. Turns out dipshit greedy pig boys aren't great at running social platforms