We've found that "Removing the ability to make large scale changes easy and thus increasing reliability." isn't actually correct.
As an example, most of your codebase uses an RPC library. You discover an issue with that library that requires an API change which will reduce network usage fleetwide by an order of magnitude.
With a single repo it's easy to automate the API change everywhere run all the tests for the entire codebase and then submit the changes thus accomplishing an API change safely in weeks that might take months otherwise with higher risk.
Keep in mind that the API change equals real money in networking cost so time to ship is a very real factor.
It sounds like facebook also has a very real time to ship need for even core libraries.