Planned obsolescence, do you think that Google/Apple/Samsung/etc. want you to keep your 12 year old phone? Even the current model of phone carriers are in on it because if they can get you to buy a new phone every 2 years on one of their “plans” it’s a win for both industries.
Also websites back then were built around the fact that bandwidth and compute power were a luxury so performance was a key metric, these days it’s not for the majority of users.
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