Google as a company is worth almost $1T. It's hard to argue that's the wrong approach when they are so ridiculously successful.
How well is GSuite doing compared to MS Office?
How well is Android doing as far as revenue and profit compared to iOS? According to information that came out during the Oracle trial, Android has made Google less over 10 years than iOS makes Apple during a down quarter.
How well is G+ doing against FB?
Google hasn’t had but one successful revenue generating product - ads.
I think all this does show how dysfunctional many human organizations are where chasing the new shiny is rewarded much more than keeping things stable and running correctly. Can you imagine if airplane manufacturers were run this way?