Maybe companies are ruling the Last City (like in Deus Ex) and every faction actually is a company that tries to get more influence and the upper hand in the Last City.
This would be interesting.
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Certainly seems that way. Again, we don't know exactly where the Humans who populate the Last City came from. If they all just woke up from cyrogenic storage and realized "Oh hey, everyone else is dead, and we can't remember anything, but hey, let's make a city under this orb thing!", it makes sense that the companies who provide the most useful services would naturally rise into power. Weapon makers, Ship makers, robot makers, Food makers, Water people...