The point is, it's silly to condemn the value of college by waving around employment in a company that is well-known for recruiting from top-tier universities.
Computer science is still a young field with low-hanging fruit everywhere, all you need is a very bright person who knows the basics to make meaningful contributions on cutting edge projects because the "cutting-edge" isn't that sharp yet.
It's not just them either, there are tons of non-FAANG jobs that pay very well and do cool things, that recruit recent grads. There isn't even consensus in the industry that further education is valuable; sometimes people don't even trust those that go this route (I think this is a bit harsh, but it's due to bad anecdotal experience).
Straight out of college, I was hired to write code in a language that didn't even exist when I started college. Why? Because those companies rely on students learning more than just "language A". They want quick-learning generalists who can pivot to any tech or language if there is a need. And I can safely say, I definitely learned all of that stuff in college, and I am very thankful for the very solid understanding of CS fundamentals that have carried me in the industry over the years.
This is a highly questionable assertion, given that these firms largely recruit candidates from CS degree programs to staff their most cutting edge projects.