Of course it was eventually taken over by product managers, bureaucratic bloat, and WLB maxxers. I think my observation only applies to a company in its ascendance. As it matures, the 50th percentilers and the MBAs take over. And it slowly declines. Less slowly if it has achieved a monopoly (search, in the Google case).
and it was up against Yahoo! one of the most famously directionless bumbling tech companies, and their peers. Yahoo! didn't seem like it was executing on almost all cylinders with almost LASER focus on some goal, so why did it take 99%ilers working full tilt and an innovative idea (PageRank) and an innovative model (off-shelf Intel/Linux clusters instead of 'real' expensive server class hardware like Sun and mainframes) and Silicon Valley funding to beat them?
If you're not at a FAANG or similar, your coworkers are average, maybe disinterested, the processes and procedures seem almost designed to slow and frustrate progress, managers don't know much about the job and hate making decisions or taking risk; shouldn't it be possible to outdo half the companies which exist, and most of the companies which fail, by doing just slightly better work than average?
Where's that discrepancy coming from?
The Biden administration is basically the first one to take these violations of antitrust law seriously since Carter.