Additionally, their existing services are getting worse and worse. YouTube is a mess, requiring at least an ad-blocker, and preferably also an extension like Unhook[1] . Google search requires a site blocker to prevent ads and spam domains from dominating the results.
Instead of furthering the development of good products it appears that the culture is focusing on creating new products to get a promotion just to let it die before it gains momentum (see https://killedbygoogle.com/).
If Google is still part of the FAANG (or is it MAANG now) accronym at the end of the decade I'll eat my top hat (I don't have one but I'll buy one just for this).
[1]: https://unhook.app/