I've got several friends and colleagues who either work at Alphabet or have worked for them here in Austin and Mountain View, and they all have said it's a very poorly-run company in terms of product development and management. They can't seem to create anything that generates revenue beyond advertisements. Their enterprise services are somewhat profitable, but are not as competitive as other companies like IBM, Salesforce, etc. The money they make is in spite of their lousy management.
Mildly interesting link showing what google creates and can't stick to:
https://killedbygoogle.com/
I'm not surprised they're doing this sort of thing and should be a warning to anyone who relies on their Google accounts for their data. You truly get what you pay for with a company like Google.