It is only kind of true, PDF does everything that HTML does, with print quality, naturally one needs Adobe proper for the full feature set, as most readers only implement the standard partially, for various reasons.
replies(2):
https://helpx.adobe.com/acrobat/using/reading-pdfs-reflow-ac...
> Even the official Adobe's example of reflowing you posted before is quite bad:
> https://helpx.adobe.com/uk/acrobat/using/reading-pdfs-reflow...
> The reflowed PDF is just stacking all text and removing all non-text visual cues. For example, pairs of name/role are separated by whitespace in the PDF, but after reflowing they are undisguishable from each other (who would be the senior VP, Sunny or Daniel?). In HTML, reflowing would preserve semantically relevant whitespace out of the box.