It’s not good but it’s commonplace for every company these days to be a {whatever pumps the stock price/gets us the most VC interest} company that does {original business model} on the side.
The difference between good CEOs and bad CEOs is how aware they are of the game.
Good CEOs say they're a {whatever pumps the stock price/gets us the most VC interest} company, but continue to invest and excel in being a {core competency / original business model} company.
Ugh your last point has been the last half decade of CEOs at the places I’ve worked. Add in a smattering of other C Suite members as well.
My personal theory is we’re experiencing people who came into senior leadership in the 2010s and could make money even with poor choices by riding the hype cycle and we’re all paying for their one year of experience ten times.
