Just because the name says exactly what the product does and what it's for, that doesn't automatically mean it is good. In fact, imo it is bad in a lot of cases.

Do you think Instagram would have gotten as popular if it was named FlexGallery, or if Nextdoor was named SpreadRumorsActVaguelyRacistForum, or if Twitter/X was named PopularityContestShortMessagesAndBadNewsSourceSpaceWithSomePorn?

I personally would say "no" to all of those, and it isn't just because the names get unnecessarily long and ugly. McDonalds would never rename itself to Cheap Passable Fast Food Restaurant.