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.
I don't think so. Atleast not through organic means. I think all these companies are definitely closely looking at this space and most probably will enter the space through an inorganic acquisition of some entity which already has some set of business. I say this because of the huge cash reserves lying with these companies because it's too early for them to go mainstream into blockchain when most countries Haven't even finalized on legalization moreover these company mostly form the centralized union of technology they won't really advocate a lot of decentralisation in technology.