I feel like one reason might be prioritizing short term profit over long term profit. I read a lot that it's about profit maximization - but I think that's not

I feel like one reason might be prioritizing short term profit over long term profit. I read a lot that it's about profit maximization - but I think that's not necessarily true. Facebook for example, is likely hurting itself right now and will become irrelevant in the long term and loose their business. Execs care about quarterly growth more than growth over the next few years.