That said, they can work. Twitter famously did something like that for their time-based vs algorithmic feed and I think YouTube does it pretty regularly.
The biggest issue, though, is that by the time you get results from any long-term experiments, most of the decision-makers (PMs, EMs, etc) have probably moved on away having taken credit for the short-term wins they delivered.
But yes, a revolving door of product leaders and decisions is going to bias towards short term optimization.
The audacity to claim “it works”, in italics no less.
The real shame of the current tech companies is they have no principles, no long term vision. They all feel like they follow the same curve, a bunch of managers hitting KPIs during their 2-5 year stint before trading up, ending in some PE firm diving in at the end for the final squeeze.
They’re lemons being juiced dry, when they should be a garden of lemon trees.
“But we got 20% more juice than last year!!”
Yea, you did.