They're not torpedoing it. It's a bizarre fatalistic tone that got manufactured in comment sections.

They spend more on developing the browser now than they ever have in their history, and they remain the most successful independently financed browser in the history of ever. Other major browsers have to be financed by trillion dollar companies based on independent revenue streams.

The predicament right now is that AI might displace search, which is a problem if you make money from search licensing. It's not yet clear what the new normal is going to be in an AI first paradigm. But what is clear is that doing nothing means the world will pass you by when everything changes.