If someone says it's bad because corporate interests shouldn't push innovation... well, I'd like to understand why they're okay with the explicitly bought and paid for OpenJS board seats, or the permanent corporate tetrarchy for HTML. A lot of developers seem to have unrealistic expectations about how software governance works.
At least for AMP, I indeed am glad because it finally forced the big media houses to provide pages that didn't suck ten freakin' megabytes off my 50€/2GB data plan (yeah, that were German mobile data prices until not too long ago!) for a single page load with under 10KB of actual content.
I'm not particularly liking the situation, but the fact is that the only entity able to actually force change is Google.
ETA: Sorry, I forgot Apple who managed to get the Web rid of the proprietary, expensive (for authors) and insecure scourge that was Adobe Flash, but that was about the only progress that came from Apple. I'm not counting PWAs because Apple utterly failed to make web apps actually competitive with App Store apps for profit reasons!