Yes.
It's almost a reflection of 'Golden Parachute CEO' behavior: There's an implicit benefit to making decisions that have 'good optics' at the moment even if it takes you down a road you'll regret.
Seen this a LOT with 'buy/build' decisions almost everywhere I've worked. The cost savings look great up front, but by the time you've added all your custom bits, you're hitting things like API limits (either in surface or billing) and having to shell out, or building so much boilerplate to get around the limits you may as well have built it yourself.
But hey, it saved X$ the first year, who cares if it costs more the next 5 to maintain?