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but wait there's these spaces
Image description:
Young woman helping an old woman as she reminisces about the old web, "The web used to be open and distributed! Not closed and concentrated in the hands of a few companies!" The young woman, "Sure grandma, now let's get you to bed."
I agree with you and the original guy -- the web is still just a collection of interconnected computers, and it's still open and mostly inexpensive anyone to host a website on. The trouble for the individual is the maintenance cost, especially if their site sees high traffic. But that brings us back to the idea that you'll pretty much never see the same userbase as the large social media platforms.
This isn't to say that the power held by Google, Meta, Snapchat, or TikTok to direct information any which way they would like doesn't need to be dismantled. It's just that the web is still free, in the sense that it is just a road to another computer, and you can still prop up a house with an address on that road for relatively cheap.