It sounds bad when you first think about it because of the reach of their platforms but at the same time it's akin to the same thing that happened when the Internet emerged: these are dying legacy media companies. The increasing censorship of the TV news media over the last couple decades had pushed people to doing everything they could on the Internet. The social media revolution of the internet exploded this transfer of independent reporting towards it. Now it's just another form of that revolution; the prime-time days of TFTP and Anti-Media are over on those large platforms and their time on platforms such as Steemit are just beginning. People look for organized censorship free places; we as a community aren't perfect of it, people downvote things that shouldn't quite be but there isn't censorship from the company. We can see any posts we like, no algorithms to restrict what we see.