The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing
segmentation for Facebook and Google or charging in in-app purchases to third parties.
Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.
Sooner or later they would really be possibly be on that way where these companies will really consider on competing in the blockchain world but lets not expect for those things for now
because they do all have the control on what they should gonna do since these are big companies where capable on doing things on what they do have in mind.When it comes to competition
they dont really care about friends or connections because this is a market on where only the fittest will survive and this is where changes and innovation would really be needed
no matter whey do came from and what form would it be.
Competition is the engine of progress, and high-tech companies by their status seem to be obliged to be progressive, and because of the magic power of competition, and even at the forefront of progress.