Yes, because they can afford to operate at a loss to starve out those competitors....

Noone uses youtube because "it's better"(in what way even?). Everyone uses youtube because it's pretty much the only place for pre-filmed video content these days. If all content creators I watch moved to other sites, I would watch them there. I don't 'watch youtube', I watch people/channels that I follow. They've built a monopoly and now they're abusing it. I would gladly pay some low yearly subscription for Youtube without ads, but their current price is borderline insane, especially since most people won't use most of the features offered, all we want is an ad-free experience, I couldn't care less for Youtube Music. Until then, I will continue watching it via 3rd party sideloaded apps on my TV and with uBlock in web browser. Stop white-knighting corporations worth billions of dollars, they don't care for you as much as you care for them.