This is kind of embarassing. Do you guys think that the people at Facebook who make these decisions realise how pathetic it looks from the outside? Or are they somehow justifying it in their own heads?
They don’t “realize it’s pathetic” because it’s SOP for companies buying ads to bid on their competitor’s name. You can argue that that is pathetic, but this one instance isn’t special.
It's extremely common now and before the internet this sort of marketing i.e. positioning against your competitor was also extremely common.