Re: Meta's metaverse division has lost $9.4 billion this year already
Indeed. The Internet in 1991 was still mostly for research, socializing, and software distribution, and it worked well. Usenet (then still a mix of NNTP and UUCP) wasn't perfect, but it was noticeably superior to pretty much all of its successors. MIME was still 5 years away, so email was still good. The web was barely getting started (CERN httpd was released at the very end of 1990), but there was plenty of useful and interesting content; files were located with archie and downloaded using FTP.
Security was still lousy—this was only three years after the Morris worm—but attacks were still pretty rare. Eternal September was a couple of years away (1993) and widespread Usenet spam ("Global Alert for All" and "Green Card Lottery") a year further than that.
I'm not saying I want to go back to the Internet of 1991, mind. There's a ton of stuff I do like available on the web. I even play a couple of games on my phone once in a while, and I appreciate the ability to read a book on it even more. (I used to always carry a paperback when I left the house, in case I had to wait somewhere; now my phone serves that role. It's convenient.) But I wouldn't be terribly sorry if 1991-style Internet was all we had now, or even if I did have to go back to that.