That's so far from true. A "video hosting services" search away is >10 results, of which I recognize at least 3 as professional level excluding Youtube (Vimeo, Ooyala, and Wistia). They may not have the entire ecosystem around it, but you need to be a little specific if you want anything approaching a valid claim for "monopoly on video" _hosting_. If you're talking about traffic, that's a separate story and is only a sign they are generally providing a usable product.