ISPs that evolved from cable companies might still be using cable hubs with a common collision domain, but only a relatively small number of subscribers will be riding the same copper — it’s just cheaper these days to convert the signal to fiber as early in the signal path as possible. Plastic wires are cheaper than metal wires, and you need fewer of them (and so fewer switches.)
There are technical reasons for offering asymmetrical speeds when it comes to coax connections. There's only so many channels on the wire, a lot are still dedicated to television, people mostly only care about download, so they prioritize it. PONs don't carry television and are just fundamentally different in design, so its easier for them to support symmetrical bandwidth.
They have increased the channel allocation for upstream in recent years and DOCSIS 4.0 allows symmetric connections, but the demand is for downstream, and the fewer channels they allocate to upstream the bigger number they can advertise.
It really was just the odd teenager torrenting here and there.