"Failing to see" is one explanation. "Struggling to keep pace" is another; there's really quite a lot of work involved in keeping up with web standards.
And, surprisingly, Google has more employees on WICG (the W3C standards incubator) than all other relevant parties added together.
Instead of regulatory capture they are going for the standards' committee capture... I'm curious about other cases of corporations taking over standards' committees, anyone else has examples?
Most standards committees are either built from or heavily influenced by the corporate interests that are directly impacted by the standards.
Not really surprising given that W3c is basically a subsidiary of Google at this point rubber-stamping any change to "standards" that google wants
Well, unsurprisingly. The nature of the web ties 100% into everything Google does as a company. It's not just in their vested interest to be involved in that system; it's an existential underpinning to their company, akin to General Motor's interest in rubber standards.
That is also true of Mozilla and Facebook, and probably others...