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Yes, this is a huge problem throughout the industry.

The tech world is gibberish. The real world is gibberish too, but the comparatively large number of tech products (because of the ease of releasing software) really exacerbates the problem in tech. Everything is a code name, in-joke, or initialism.

If this were limited to public products then you could write it off as overly ambitious branding, but you can tell it's an issue because internal products suffer the same problem. You know it's bad when you can't even navigate your own company's hierarchy because you don't know what half the team names mean.

Unfortunately, this will probably never change; there's too much precedent. Naming things incomprehensibly is fun, it creates a barrier to entry that makes developers feel smart, and the tech world doesn't value communication enough to change it. In a world where stackoverflow serves as de facto documentation for many major tech products because their own documentation is terrible, I hardly expect those same companies to value coherent naming.