A company should spend a minimum amount on advertising, and to incentivize that, advertising should be expensive. If effective advertising is cheep, then there is less incentive to compete on product, and instead pressure to pour your resources into marketing, structured around a quick buyout and exit.
Advertising needs to be expensive enough that it is always dominated by quality of product and reputation spread by word-of-mouth, as this puts the power in the hands of consumers. This is critical for the healthy functioning of markets, because advertising distorts the natural expression of demand.
The current hype-fueled cryptocurrency craze is the apotheosis of advertising dominating product.