Is arXiv a monopoly bully in scientific publication?

After decades of ever-increasing dominance, arXiv.org has become the largest and most popular storage space or eprint service for scientific publications in physics and other related fields. It would have been the most beneficial to the physics community had arXiv sticked to its original principles for sharing new ideas and works quickly. Sadly, arXiv.org is becoming more and more arrogant these days instead. Veiled censorship by arXiv is making it just like another giant refereed journal system but without any transparency.