Here's my relatively layman's view of the issue.
Many websites tout multifactor authentication (MFA) as an enormous boost to the security of users' accounts, and it can be if implemented properly.
However, it seems that some sites will only prompt the user for their MFA AFTER they enter their password correctly. I've only tested this with gmail.com and outlook.com, but given that these are two huge email providers, I imagine they're only two of many perpetrators.
The reason this is (at least on the face of things) such a huge security flaw is that it can allow crackers to guess a user's password until they're presented with the prompt for MFA, at which point they know they've got the user's password. It seems like websites will brush this off, saying, "But since the user has MFA, the cracker can't get into their account."
What they seem to forget is that the user likely has accounts on other websites, and quite possibly uses the same password for that site. So now the cracker may have access to all the user's accounts across the web, many of which probably don't have MFA implemented, leaving the user completely vulnerable to attacks.
Are there any flaws in my argument or assumptions that would make this a non-issue? If not, then why do huge companies like Google and Microsoft not fix this issue?