I remember the hype cycle around this thing called the "internet" back in the day. People said it was going to take over the world, even though back then it was slow and kinda sucked.
And then it did.
And then it did.
After the dotcom bubble exploded. Can't we call that a winter?
Was there a massive reduction in completely untenable .com's? But I'm not exactly sure if that's the definition of a winter, plenty of other internet based businesses did fine and kept growing in that time.