They’re currently offering video hosting for a price that’s impossible to compete with. Then they can keep razor thin margins.
It’s how Walmart and Uber and all those other huge tech companies ruined entire market segments: come in for ridiculously low prices taking investor money/the profits from one completely different business model, and using it to operate a new business at a loss for a few years. Nobody can compete with a business that’s willing to take a loss, so your local supermarkets shut down or get bought out, your local taxi company/delivery services goes bankrupt, and then the megacorp can raise prices to make a small profit.
We need another Youtube, and with current pricing, only Amazon, Tencent, and other megacorps can afford to even attempt setting up a competitor.