So did Vimeo and dozens of others. YouTube did not get where it is by being better. Or by even being a platform. It got where it is by being bought out by a large corporate entity with near endless sums of money to back it with over the competition.
And a decade or two from now the internet is liable to be as different again from today as today was from them. And many people will be wondering Google who? Because ultimately people will remember the content not the platform.