It’s not depressing, it’s wonderful. Google’s abject failure in almost every area is great. They have nearly unlimited resources and a fantastic (though but as great as they think) engineering pool. It would suck if they managed to successfully attack adjacencies.
I have a hard time calling immense wastes of resources "wonderful". Think of how many man-hours of at least better-than-average engineers have been wasted developing something like 5 separate chat apps... it's absurd.