The part that is so infuriating is that they try to turn around and capture that value would should rightly be owned by the public by offering downloads for premium members, especially when that we KNOW the only reason YouTube isn't totally financially ruined is that the ISPs are legally required to price worthless youtube's (literally AI generated) spam traffic the same as useful services. (Net Neutrality)
And the are using these ill gotten gains to create their own backbone for yet more profit. Entirely pointless exercise when you realize the government is eventually going to break these companies up and will of course nationalize the one that owns all the infrastructure. Corporations are simply not the correct tool for managing infrastructure that the public relies on. I'm sure anybody whose tried to run a business on top of a google service can attest that's it's a bad strategy and is guaranteed to fail in the long term.