When your brain is constantly locked into big-O notation and you are only worrying about N being larger than a billion, it becomes really easy to justify running a high quality representation of the domain into the dirt over arbitrary performance concerns. E.g., storing a bunch of tiny fields in one JSON blob column is going to be faster for many cases, but it totally screws up downstream use cases by making custom views of the data more expensive. The query of concern might only hit once a day, but the developers probably aren't thinking at that level of detail.
The really tragic part is that the modern RDBMS is typically capable of figuring out acceptable query plans even given the most pathetically naive domain models. I think in general there is a severe (and growing) misunderstanding regarding what something like MSSQL/Oracle/DB2 can accomplish - even in an enterprise as large as Netflix.