Total hogwash.
The hobby industry, and the commercial 107 industry, aren't going anywhere just because another Part 135 operation was approved.
Fear mongering isn't going to help either. It just stokes more resentment for the FAA. And if anything is going to hurt either industry, it's going to be folks not following any new rules that come out because they disrespect the FAA.
People need to educate themselves, and that includes Russ. He has a good channel, but it seems he likes to over exaggerate the outcomes of many things. And he's always predicting the end of the hobby.
It's just not true.