* We absolutely would spend the money to avoid globally hitting that number.
* We'd use ToS so that user-facing TCP traffic wouldn't get dropped, but instead some less latency-sensitive and more loss-resistant transfer protocol traffic would instead.
* We'd have several levels/types of load balancing from DNS-based as they come into the network (typically we'd direct to the closest relevant datacenter but less so as it gets overloaded) to route advertising to Maglev<->GFE balancing to GFE<->application balancing and so on.
* etc.
I would expect that'd be true to some extent for any content provider. There are surely some problematic hops in the network (I've seen alleged leaked graphs of Comcast backbone traffic flattening out at 100% at the same time every day) but the entire network is oversubscribed...and running out of capacity regularly in practice? No way.