Would you rather have Verizon owning YouTube?
Every single telco has tried to launch their own YT. They launched, and every single one of them failed.
The reason they keep failing is that they are telcos, their core capabilities do not play well with an open, network agnostic, consumer-driven video service. They'll prioritize their own content and their own network (look at Verizon and "Oath").
If you "deleted" YouTube, and both Amazon, Google, Verizon, AT&T launched video services, which ones do you think would succeed? Definitely Google's, maybe Amazon's, definitely not Verizon's or AT&T's.
Google happens to be a "third-party content access monetizing" company that owns infrastructure, not an infrastructure company trying to be a "third-party content access monetizing" company.