that virtual space is on their phones, not on some website. It's an app. And they have been doing this for about a decade. There's no going back to the Web 1.0. Those days are gone. Saddled by corporations and laws and governance and greed. Now, it's an autobahn to fast cash, narcissistic content creators, award-winning ones too, decentralization, digital-byte-ponzi-schemes, and front-end developers creating 100,000 more packages then they have customers. Now, it's all about the stars baby!
You may be right, but it was always there. It's not like it's coming back. Sure, some people may create things that resemble the old web but the old web is still out there, getting it's AARP card.