Showing content to users that don't value watching the content is worthless. There's no inherent worth to showing content. My argument is that users consider the content worthless, and therefore any attempt to monetize the the showing of the content directly will end up failing.

The only reason the content works, at all, is because it's completely free and ad driven.

The truth is the content on Facebook is basically worthless and basically nobody wants to watch it. But humans are stupid. If you tell them something is free, they're gonna use it, even if they don't want to use it.

If Facebook cost even 1 dollar a month, I can garuantee those videos views would fall off a cliff.