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The Google One VPN was never meant to compete with the likes of Mullvad or PIA. It was more along the line of Cloudflare’s Warp or Apple’s Private Relay.

Right, but it wasn't the feature Google was offering. They were offering privacy.

Them being the largest surveillance organization in the world makes that a bit of a tricky value prop.

LOL....

Privacy, just not privacy from Google, kind of like browsing in incognito.

The top reason in this case is not the right reason.

I think it is reasonable to offer a product that only tries to tackle the security side of vpn market.

For what is worth Google consumer VPN is not dead and lives on as a feature for pixel phones.