FAANG employees sure are full of themselves considering they've worked at companies that have failed to innovate for two decades. What was the last successful product that Google launched with all their highly paid engineers?
But keep in mind that Google regularly launches new products and features that are more profitable than many startups, and then shutters them, and regularly launches individual features or pieces of infra that are industry leading (or defining, as in the case of k8s). They just aren't new consumer products.