There's another perspective you can see in the comparison with the dot com boom. The web is here to stay, but a lot of ideas from the beginning didn't work out and a lot of companies turned bankrupt.
The original concept of the web, hyperlinked documents originating from high-quality institutions, is pretty much dead. Now we have an application platform that happens to have adopted some similar protocols and is 99% slop
inigyou|3 days ago
hdgvhicv|2 days ago
However some will survive, and there will be far more bankruptcy and downsizing in the industries replaced