True, altough with Bethesda, it wasn't just the botched Fallout 76 launch, it was the fact they indifferently teased TES VI while continuing to do nothing but release Skyrim over and over again.
That would have been okay, but after the first three DLC expansions, the last of which-- Dragonborn-- released in December 2012, the ongoing expansion of content for the game was nonexistent. Given, part of the appeal of sandbox games is that the community can act as a co-developer fountaining an endless stream of content, but it gets a bit ridiculous when the developer itself finally releases a graphics upgrade for the game three years after it was appropriate, that upgrade is little more than an inferior, curated appropriation of a community mod that has existed for years, and that source mod itself has already been superseded by a more sophisticated, higher-resolution successor mod that was already out before the developer's official release of the antiquated graphics upgrade they appropriated. Nobody expects them to keep up with modders, but to quote Bill Burr, c'mon, at what point are you gonna pick up your end of the couch?
Instead, they squandered their time developing an MMO that nobody asked for, and as far as I can tell, that pretty much still nobody plays (there's still more daily players on Steam for Skyrim than ESO).