Yes, but people are panicking in such cases and that results in normal coins losing a lot of market capitalization. I agree that it should not be this way and ads are not actually important, but with people paying attention to anything at least slightly against cryptocurrencies done by major companies, it is the kind of news that make the current price of bitcoin almost as low as $8k.
Nevertheless, such moves are probably necessary if we want the market to be cleaned of scam. I think that eventually it might even help with the prices situation, since more real faith will be put in the market.