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Even a 60 minute cap is generous. If they made it 75 minutes why would anyone ever pay for it? The point of the cap is to be annoying enough to temp and upgrade without making the service unusable.

I believe the goal for Google isn't to make money but deter abuse.

It’s to avoid “hanging out” on Hangouts, er, Meet, and instead use it for Meet-ing. It steers the product.

If you can't finish your meeting in 60 minutes, you won't finish it in 75. Set the meeting length to 55 minutes. Use the 5 minutes to take water/bathroom break before the next meeting.

Set meetings for 50 minutes. Overrun problem solved.