The point is, if Google and Meta got the best people, what the hell did they do in the last ten years? I think they mostly got more people and less ability to do anything very well. It hasn't worked out that great for them. Neither of them has much to show for their efforts. Google bootstrapped AI and then had their people walk off to form OpenAI who are (for now) best buddies with MS. Facebook/Meta keeps changing their mind about what they are about. Social media, VR, and now AI. But it seems they end up chasing their tail every time.
MS actually got better over the last ten years. They too had a few nice acquisitions. But more importantly, they revitalized what was a pretty dead development strategy. Github was critical. The attitude towards Linux and the complete 180 on open source in general was critical. MS did quite a few things right under Nadella.
> They don't have any interesting new products.
None of these companies do.