Quite the opposite. They could showcase an impressive list of competitors that haven't been launched, thanks to all their would-be employees working for FANG.
I think maybe these tech companies need more MBAs and middle managers whose only existence is to 'trim the budget' and isolate their team's work under their own little banner so they can use it as a parachute to glide to the next company. That will surely get the creative juices flowing at any organization I think.