This thing we call The Internet has always been "funny smelling" if not a bit crap. Dead? Not really. Just more and more obvious about the nature of the creation.
It is the ultimate duality. Correct use requires holding two can-be-seen-as-divergent ideas in your head at once and then making a decision as to which better applies to the current situation. It simultaneously holds a lot of information -- asymptotically approaching the sum of all human knowledge. It is also a dark mirror, containing all the assorted sins and vagaries of humankind.
To say The Internet is Dead is, in a way, to say that Humanity is Dead. Maybe, in the minority, it is. Maybe that minority is encroaching on the majority and will reach parity. Or even surpass it.
This view is an easy path towards Nihilism. It is a struggle to acknowledge the negative and push back against it anyway.