Isn't that part of the reason why they restructured and departments like Waymo are now separate from Google? I would imagine this way they have people more familiar with these types of services running things at the higher levels instead of having the same CEO and other administrative roles managing a bunch of unrelated or loosely related products.
My cynical view is that it is a voluntary "breakup" of their monopoly. Google & Waymo are under the same banner iirc. That means that essentially the only things that can make money/matter to alphabet are still business as usual
