In the end, yes, they did fail. But untill that day, they managed to stiffle progress and do great harm to otherwise good and valuable initiatives and technologies.
So, even if internet.org will fail at some point in future, it has a great potential for harm untill that day.
I can imagine Facebook would have thrived on AOL or MSN (or teletext). Zuck wouldn't have been able to start it from his college room though.