Very sad excuses. The game is below player expectations in terms of quality and content. Blaming the PS5 price is a very shady way to cover up many glitches, lack of satisfying gameplay and overall low quality.
It sold poorly long term because it's not very fun. That's exactly why it didn't boost the sales of previous titles, as mentioned in the article, despite them all being on more affordable consoles.
I don't understand why gaming news sites are so negative about this. One of the best things about skating is seeing other people pull off tricks and sharing spots and hanging out. I love skating irl, I love MMO's and I loved the original skate games so this is hugely exciting to me! I also think since skating culture involves so much cosmetic customisation of boards and fashion that it's a great match for live service.