That's the way I read it, and no, it doesn't really answer the question -- it just begs the question. Most "good" projects are totally irrelevant to your business. Someone has to pick and choose, or you rapidly end up with the team situation I described: lots of people working on "their own problems", and only a few people working on the core problems of the business.
Your second paragraph is an assertion -- maybe it's true that one project like React makes up for all of the failed initiatives that the author describes (i.e. multiple person-years of effort), but that's a claim that deserves some evidence. Even if it's true, there's a level of management implied, or else everyone would spend their work hours chasing the same, captivating rabbits. My suspicion is that there's a lot more selection happening inside Facebook than the author lets on.
From experience, it's easy to get to a place where you have a lot of smart, well-intended people working on things that just don't matter. Saying "the best projects win" doesn't really solve anything, because you still have to define "best". Either that, or it's true that this is just a "champagne problem", and the Facebooks and Googles of the world can just throw dollars at anything, in the hope that something sticks.
I think your last sentence is absolutely right. The author works on a team whose responsibility is to make programming easier for everyone in the world. That's a luxury most startups don't have.
Your second paragraph is an assertion -- maybe it's true that one project like React makes up for all of the failed initiatives that the author describes (i.e. multiple person-years of effort), but that's a claim that deserves some evidence. Even if it's true, there's a level of management implied, or else everyone would spend their work hours chasing the same, captivating rabbits. My suspicion is that there's a lot more selection happening inside Facebook than the author lets on.
From experience, it's easy to get to a place where you have a lot of smart, well-intended people working on things that just don't matter. Saying "the best projects win" doesn't really solve anything, because you still have to define "best". Either that, or it's true that this is just a "champagne problem", and the Facebooks and Googles of the world can just throw dollars at anything, in the hope that something sticks.