>Our digital memory shouldn't be in the hands of a small number of organizations in my view.

I would wager at least 95% of "digital memory" archived is just absolute garbage from SEO spam to just some small websites holding no actual value.

The true digital memory of the world is almost entirely behind the walls of reddit, twitter, facebook, and very few other sites. The internet landscape has changed massively from the 90s and 2000s.