I've read several times that the author listed last is usually the most significant contributor, and the first author the least significant, due to some kind of tradition around modesty plus favourably introducing new names. (Which then of course doesn't work, if everyone knows it's happening...)
Here, you've interpreted it as the reverse, and by that I mean in the sensible way - did you not know about the tradition, or are you wrong? And how can we know either way for sure?
If you're reading papers most of the time the last author is more meaningful to you because they're the senior researcher, you know their research interests and what kind of papers they produce. The first authors are PhD students and PostDocs, they change much more often.
Eg, as a sibling commented this convention may not be common in ML research, I wonder then if it may be something less common in emergent fields where researchers are generally be younger and less likely to follow older traditions.
Where did you read that?
That's definitely not the case in machine learning.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3010799/
(And note how points 1 through 4 all quite conflict with each other!)
we're the bad guys?