I see it as a foray into the cloud gaming market and a way to stifle competition. Once Google throws its weight into the game, it might be harder for smaller companies to keep up or even secure enough funding to compete.

It's not always going to work out, but I do think Google's actions helped stifle competition in that market. Google could have successfully stopped another company from blowing up in that market and becoming a real competitor to worry about in other markets down the line.

It certainly made publishers put pressure on nvidia to block their games from its "stream your own steam library" service, because it gave them the idea they could get service exclusivity bonuses and full retail price for the privilege, something I doubt they'll roll back just because that model has failed for now