It stems from APIs having bugs, and not being consumed by the writers. The flows were badly designed because they would never write a client against the API.
By making the web be a client to the API, the design, quality and maintenance of the API is very much to the fore. It also allows the implementations to evolve at their own speed, which helps a lot with maintenance, especially when one adds a mobile client, or changes some other UX flow... it becomes easier to work through things.
So yes, I agree... slower to get started and 2 codebases. But, so many advantages, higher quality, and lower maintenance costs that arise from the kind of short cuts that a single monolith codebase makes possible.