They were, briefly. Google sold them pretty shortly after buying them. If I recall correctly, the noise at the time indicated it was all about getting IP - they bought the company to get access to patents that I think they kept, when they sold the rest of it on to Lenovo.

The title is a bit of a joke against the thumbnail - “pointless” here means “purposeless.” The video is about structures built that do not serve a traditional function, e.g. they exist only for aesthetics, or just to make someone “earn” money rather than donating money.