> 3) Frequently have to update the world at once

I’ve never worked in a monorepo, so may be wrong, but this point presumes a dependency on “latest” at all times. I’d assume the components in the mono repo still release versions to the various package management systems (maven, pypi, npm, etc), allowing dependencies to be more stable.

Has that not been the common experience by those that have worked in them? I see a lot of merits of having to update everything at once (less code rot, hopefully) but it does seem to have drawbacks (many have commented on these as well).