Earlier quoted context omitted.
The ~$60million is over 15 years, so it's about $330k/month on average, which is still a very substantial amount of money, but at "Facebook scale" this is pocket money you find in the sofa; their revenue is about $5.8 billion a month . For Facebook, the effect is like refusing to serve a customer their coffee at a coffee shop. I suppose that's the real problem with these kind of issues; you see the same on e.g. YouTu…
Well yes and no. FB revenue in 2019 was 70e9$. I also assume that Freebies spending was not constant over the 16 years. So their spending represented almost 1/10000 of FB revenue. I agree you can probably afford to lose that as a business owner but you probably can't be "meh, whatever" either. I expect that a decision of that scale would have probably be considered by many people / relatively highly ranked employee.…
And there are probably other factors as well, such as poor internal communication, algorithms making poor decisions, and more. But those are all solvable problems and I suspect that "meh whatever"-attitude plays a fairly large role in them not getting fixed at various levels. I mean, if my company left 330k/month on the table then I'd run after that faster than Usain Bolt. But do you think Zuckerberg or other top-level managers at Facebook will?
But I have no insight in any of this, so I'm just guessing really...