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.
The original Blockchain is decentralized, and if it’s all about decentralization, then there is no way that they can be competing with each, unless they are going to be creating their own Blockchain, that’s where the competition starts. Take for example: Facebook creates their own Blockchain for other companies to make use of and it becomes big, they might start playing the same game like Apple is doing now.
Or maybe Google and Microsoft creates their own Blockchains, it’s going to also be a competition just as their search engines are a competition between the two. That’s the only way I know they will compete when it comes to Blockchain.