Universities are not going anywhere MOOC are a dead end
Turns out that an online certificate isn't worth anything when layoffs happen and the market is oversaturated with people who have real degrees. MOOCs have their place, but it's a very narrow set of disciplines.
But MOOCs and other purely online options just didn't result in any meaningful certification especially outside of a connection to established universities. And, given that, people/companies weren't interested in paying significant bucks for them.
It was probably a useful experiment. Just not a very successful one. And once the experiment faltered, schools/professors became less interested in putting money and energy into it.
All the evidence is that most of the students/potential students who weren't already motivated to pursuing independent learning didn't really connect to all this online material.