It sounds like YouTube is heading towards conflict with it's long-term content providers as well. Their new algorithm heavily favors "shorts". This really screws over the traditional medium to long format creators who arguably made YouTube successful. Sounds like they want to move quickly into the TikTok space but it's sad for a lot of creators who are losing significant income d/t this change.
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Odysee / LBRY is another decentralized Youtube alternative.
Reddit has 500 million MAU, and this is a conservative estimate. Youtube on the other hand, is sitting comfortably at 4x this number, 2 billion MAU.
Considering that, and the nature of the platform, I'm pretty certain they are too big to fail.
Biggest issues with Peertube so far: Lack of content Lack of an iOS client
Problem is youtube is a platform that pays its content creators. It won't ever happen. If discord ever decides they want to be profitable then that'll be next.
Im not surprised. For years we all enjoyed a ton of "free" services but eventually these companies would have to make money.