What is Web3 and why is it bad?

So, tell me, what exactly is this thing called Web3? And why is it being painted in such a negative light? Is it a new version of the internet that's supposed to revolutionize the way we interact online, or is it just another buzzword that's going to fade away in time? And if it's so bad, what are the specific drawbacks or risks associated with it that we should be aware of? I'm eager to hear your thoughts on this emerging concept and why it's causing so much controversy.