I don't think that's a good conclusion. Most of Google's business is search and ad sense. HN consensus is that Google is doing fine. The HN consensus -- which I think is correct -- is not to rely on Google for any critical functionality which might put your business (or personal life) at risk.
- Adsense as an advertising option makes complete sense. Adsense as your sole source of customer growth is asking for trouble.
- Stay the !@#$% away from Google Workspace, if you're counting on business continuity. It's fine for low-stakes use (e.g. students in a school, where there is no long-term continuity).
- GCE is fine as an option if you have a generic dev-ops infrastructure where you just need cloud servers, and where you can move to AWS or Azure in a blink. Relying on Google Cloud proprietary services is asking for trouble.
- Android App Store is fine for a quick buck, or as a supplement to a core business. Think long and hard before building a business around it, though.
... and so on.