1) Pretty much nobody has calibrated monitors (even Apple devices aren't perfect)
2) Pretty much nobody has monitors higher than 8-bit per channel
3) Pretty much nobody cares about having accurate colors, especially photographers and videographers who "grade" everything to whatever looks good.
4) Pretty much nobody can tell the difference.
Technology has been good enough for a few years now to produce stellar high resolution prints, let alone Instagram or Facebook material.
1) Pretty much nobody has calibrated monitors (even Apple devices aren't perfect)
2) Pretty much nobody has monitors higher than 8-bit per channel
3) Pretty much nobody cares about having accurate colors, especially photographers and videographers who "grade" everything to whatever looks good.
4) Pretty much nobody can tell the difference.
Technology has been good enough for a few years now to produce stellar high resolution prints, let alone Instagram or Facebook material.