Sounds like they are doing great things with investors' money.
It's inefficient allocation of humanity's intellectual resources.
So many of the world's best and brightest software engineers work at those companies. Suddenly out of work they'd be motivated to start those little business they've always wanted to have. I think we'd see an explosion of cool new ideas & businesses pop up in the tech community.
I have nothing but great things to say about the quality of the engineers at Google . . . but I do think our purposes are suboptimal.