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Coach
So I left for a program manager role at FAANG and I'm new, but from my understanding (from my brief interactions with product managers) they are in charge of the assigned product/service end-to-end, and are responsible for creating a strategy for it, maintaining it, and stewarding it. Your scope will be basically limited to that one product/service. Which might seem restrictive if you are used to working with a broad base of clients and technology.
Coach
I think it depends on the team and which FAANG. I mostly work with product managers that are integrating/implementing services or processes and they don't get too technical with anything . Just basic surface level understanding of it to get it ready for go-live.