There’s still a ton of interesting content on YouTube. They have taken down stuff that didn’t deserve to be taken down, but it’s a very small portion of overall content. Other than people who are only interested in watching borderline material, I don’t think it affected the average user much. I can still watch a guy marvel in an endearing Canadian accent as he inspects the manufacturing of a $500 toaster.
And YouTube continued to grow quickly last year, so in the empirical sense it is doing well. The nature of the platform is that it is full of content producers with massive followings. If a small portion of those producers get dinged, they can make a lot of noise, but it doesn’t necessarily amount to much compared to YouTube as a whole.
I think GP's point might have been specific to Trending. Youtube's algo is pretty good at throwing me interesting content from my own subs, but I agree with the GP that the trending list is garbage.
Also, attempting to do broad searches for most news topics simply returns CNN, ABC, etc like clockwork now, and they're not at all the type of content that got Youtube where it is today. It's become more and more MegaCorpTube in recent years.
And YouTube continued to grow quickly last year, so in the empirical sense it is doing well. The nature of the platform is that it is full of content producers with massive followings. If a small portion of those producers get dinged, they can make a lot of noise, but it doesn’t necessarily amount to much compared to YouTube as a whole.