Sure. That's what I mean by "on the web". They have decent basic real-time collaboration features. Otherwise, they're basically the same as Word and Excel were 25 years ago.

But even for collaboration I think there's a long way to go. It's not like they significantly rethought the product in terms of true collaboration at a global scale. As far as I've noticed they've added non-conflicting, real-time edits and showing cursor location to the previous Word/Excel collaboration features like comments and proposed changes.