I assume you are a hardcore “The God of Capitalism Will Prevail” person but… that isn’t how it works.

Youtube is an insanely expensive service to operate. That is why basically every other attempt failed miserably. Google is able to offset the cost due to their datacenter requirements as well as being able to sell those targeted ads. Even for google it is highly suspected to be a loss leader.

It is like people forgot that microsoft/azure tried to make their own twitch… and it failed horribly even though it had definitively better tech.