That's an orthogonal issue to me. IMHO, modern Google never really cared about social media platforms because it never really understood them. Otherwise it would have bought Facebook, Instagram, WhatsApp, Snapchat, Tiktok, Twitter, early on before they became industry titans, the same way they bought Youtube, Maps, etc in the early days.
They've been coasting for so long on the search ad revenue money printer, that they're blind to everything else going on around them, so they're always reacting instead of proactive, but always too late.