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Feels slow in old computers with 4GB and Chrome has a better built-in for freeing up memory from inactive tabs.

Not sure about that, works for me just fine on many (even old) computers. But even if it was true, I prefer keeping the number of open tabs below 100 if that means not running browser made by an advertising agency. Talk about conflict of interests...

But will likely be plagued with performance degrading ads.

And it's still fast in spite of that, which speaks to how far behind Mozilla is.

Part of the difference is that the modern web is built for Chrome. Even checking ones site or service with Firefox for functionality is a bridge too far, much less performance.

I think it has actually become better lately.

There was a time when people threw around "only works in Chrome" like they did with IE6, but for me it seems it has improved somewhat now.

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