It seems to be a parable. Maybe the story is not true, maybe it is, it doesn't make it less insightful about the trends of the last decade about the emergent phenomena of massively profitable fake content publishing.
I'd say that depends. If this story paraphrases a bunch of facts we know to be true from other sources, then I see your point.
But if this story is not literally true, then we should be very cautious about using it as the grounding for other beliefs.