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YouTube will now show a blank homepage if you don’t have watch history on
(www.theverge.com)
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Only the people who provide content for profit tbh. For the original focus of YouTube, which was simply to provide the ability for the collective "you" to post videos and share them with the world, it's fine. The problem was, like every platform that provides a financial incentive to do anything, it gets gamed by those seeking to profit off of it and devolves into a corporate hellscape.
Ignore the monetization aspect and, other than the ads (which can be blocked by uBlock at least for the time being), it's still a fine platform.