You can do chargebacks, it's just that you are not likely to have business with that merchant again. No big deal, given that that merchant is proven to be not very reliable with your money, right?

The issue arises when there is no other merchant, in other words - when there is a monopoly, or something close to it.

Which is exactly the case with Meta. That's the issue. If you are in U.S., please ask your representatives to take some anti-trust action and split this company once and for all.

In my experience with non-tech businesses, the point of using a credit card for large business expenses is to get credit card points.