Agreed on all three points, but I think this is pretty obviously terrible in the long run. The open internet was one of the greatest common goods in human history. That ecosystem is quickly being exploited to death by a handful of tech companies. Those companies are generating a lot of revenue in the short term, and the rest of humanity is losing a great deal.

I can't even begin to count how many times I've found interesting and useful information from an old forum/article/guide that was supported by some ads or simply an avenue to engage with people. Those incentives are now gone.

Tech companies have no ethics and their leaders think it's in their interest to continue the exploitation, so that's what is going to happen. The only effective way to prevent a tragedy of the commons situation on this scale is major government action and there is zero political will for that at this time.

In the long run there will be some sort of reaction, maybe site curation will make a comeback. A few big name sites will probably resist the slop and survive as an institution. But the internet many of us know and love is being pummeled to death before our eyes.