You're speaking my language here. I think this is exactly what happens when a company has cornered the market. We have completely stagnated, as you say, for at least a decade, maybe more.
Lots of innovation has happened, don't get me wrong. And maybe the web browser as we know is "mature" and therefore lacking need to evolve.
But I'd argue (as I did in a sibling comment) that maybe this drying up of funds could pave the way for new innovation. The web, the creative parts of the web, and definitely the internet as well, didn't have monster budgets to drive its innovation originally. It had some (DARPA, et al), but not like today.
Lots of innovation has happened, don't get me wrong. And maybe the web browser as we know is "mature" and therefore lacking need to evolve.
But I'd argue (as I did in a sibling comment) that maybe this drying up of funds could pave the way for new innovation. The web, the creative parts of the web, and definitely the internet as well, didn't have monster budgets to drive its innovation originally. It had some (DARPA, et al), but not like today.