Not necessarily an entirely bad thing. Companies have lifecycles. Sure, a mature company might become largely profit focused, and stop innovating like they used to. But this generates surplus to return to investors, and creates opportunities for new innovative startups to fill the gaps that the incumbent is neglecting!
As long as they aren’t acting in a way that excessively blocks/restricts competition, I don’t really see a problem with this. Old companies get boring, and eventually if they get too boring they get disrupted … maybe disrupted to death.
Companies have life cycles, but it is especially those companies that were successful early on whose drive to keep growing causes damage. That's when you get into patent portfolios, IP milking, M&A and squeezing competitors by cross subsidizing products.
Growth for growth's sake is simply wrong. It is always growth at the expense of something larger.
As long as they aren’t acting in a way that excessively blocks/restricts competition, I don’t really see a problem with this. Old companies get boring, and eventually if they get too boring they get disrupted … maybe disrupted to death.