It sounds like YouTube is heading towards conflict with it's long-term content providers as well. Their new algorithm heavily favors "shorts". This really screws over the traditional medium to long format creators who arguably made YouTube successful. Sounds like they want to move quickly into the TikTok space but it's sad for a lot of creators who are losing significant income d/t this change.
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That's unlikely. Both Reddit and Twitter speak or at least spoke to people who enjoy a certain image of being anti establishment (in one way or another and whether that's warranted or not). Youtube just doesn't. You can't get more mainstream than Youtube.
I know it's very difficult to find good PeerTube instances, I'm trying to update my list when I find good ones: https://jeena.net/notes/1230
Reddit has 500 million MAU, and this is a conservative estimate. Youtube on the other hand, is sitting comfortably at 4x this number, 2 billion MAU.
Considering that, and the nature of the platform, I'm pretty certain they are too big to fail.
Problem is youtube is a platform that pays its content creators. It won't ever happen. If discord ever decides they want to be profitable then that'll be next.