Amazing article, and very valid points. Although I don't know that I agree that the platform is "dead."
I personally know many creators still using it and making way more than $1000 per month (it's still their full time income).
But I definitely agree that the novelty has died and it's not talked about at the same level it was. But I think that may be because it became more normalized, rather than it being this new shiny thing. But that happens with every new shiny thing. It's only talked about when it's new and shiny. Once it's no longer new and shiny, people stop talking about it. Doesn't mean it's dead though.