@atomicpoet On the creation vs. destruction rates: Total Internet data is still growing AFAIU.
The doubling rate has been about 18 months to 2 years, for decades now (and pre-dating both the Web and Internet).
So unless half of all data is lost within 18--24 months, no, the total would still be growing.
Though average lifespan is likely low. Internet Archive's metric is that the typical webpage on last 50 days until deleted or changed.