I don't believe they are late to blockchain - I think that blockchain is not applicable to their core competencies. The further I study about blockchain technology the fewer vital applications I see in these early days.
Additionally, if some developer team or blockchain/cryptoasset has developed a valuable solution, I believe it will play out similarly to how IP has gone for a long time. Those groups or their technology will be leased or acquired as needed/desired.
With so many solutions popping up, it's hard to evaluate which are truly solving problems or just chasing a goldrush.
Thanks for posting this, definitely an important topic to think about right now.
RE: FAANG Stocks Companies and Blockchain technology: Are they late to the Party?