> They squandered a lot of money, while neglecting their core business (their web browser).
They are not a business, they are a non-profit organization. And their aim is not to simply build a better browser, but to preserve the open web, and put control in the hands of the users. Granted, phoneOS was a failure, but given their mission, they had to try.
They are a non-profit organization owning a for profit corporation making tens to hundred millions dollars a year selling users data to search engine.
Notably this non-profit organization had provisioned $15 millions anticipating that the IRS might get into how a non-profit was actually for profit, it eventually happened and the foundation ended up getting a $1.5 million fine for their google income before setting up the for profit corporation scheme[1].
They are not a business, they are a non-profit organization. And their aim is not to simply build a better browser, but to preserve the open web, and put control in the hands of the users. Granted, phoneOS was a failure, but given their mission, they had to try.