This is a very pessimistic view, and with a fallacy. The fallacy is to consider that greed will always win and yadayada. The fact is that it is a product of liberalism, it makes states resign from doing things to the profit of companies. Even in liberal countries liberalism is being contested though, and power countries are opposing it (for better or worse).

Internet is still there. And in some places, it won true victories against liberalism, like in Europe where net neutrality did won some battles and big Internet companies are being contained, if only to fight US espionage.

My opinion is that Internet companies are incapable of sustaining their tools, because they’re too greedy to provide a good service long term. Free solutions will appear, and ultimately they will prevail. Lemmy is a example that is at a baby stage yet. Most of the innovation and infrastructure relies on free softwares today. It’s just in the background. Computer and Internet technologies are still in their infancy, it will evolve.