This is a constant cycle.
Tech nerds invent new technology/platform>nerds flock to new thing>the masses hear about it and start flooding it>money notices a large user base that isn't being complete wrung out for money>money destroys the new thing by making it unusable for profit>repeat
Copyright definitely needs to be stripped back severely. Artists need time to use their own work, but after a certain time everything needs to enter the public space for the sake of creativity.