In this case, probably. I don’t think the world was asking for a Pinterest clone.
But the problem is, Google does this with everything.
Stadia had an incredibly successful moment with the Cyberpunk launch. Yet Google failed to hype it up, and then announced about two months later that they were laying off a bunch of devs.
At the same time, they restructured the monetization and improved the client, making it a really compelling service. And all the news was “Stadia is dead”. And then it was.