Actually, the web began dying in the late 90s.
Hard to tell if you’re joking. If you do actually believe this, I assume you also believe that e-commerce broke everything?
It's not so much e-commerce that broke everything. Although there were many who did argue that.
For me, it's been the shift from self-published (and indeed, self-hosted) to Google, Facebook and cloud services. And the tide turned in the late 90s.
Edit: When I first got online, it was AOL, CompuServe, EcoNet and The Well. I was on all of them except AOL. And then we had Usenet and websites. And networks of websites. The prospect of citizen-based journalism. But now we're back to something a lot more like AOL.