IIRC the interesting point is it was a very, very small team - like 10ish people - and got acquired for $19 billion.
5 seconds on google finds that adding a SnapChat stories clone is exactly where WhatsApp has gone now, just like Messenger and Instagram: https://techcrunch.com/2018/05/01/whatsapp-stories/
Personally I’ve minimized social network use and don’t think every single app needs a status broadcast feature, but it’s popular. Not just a group chat app anymore though.
A platform like WhatsApp could evolve to cover the main things people are using Facebook for. History has shown that people are not too stuck on any platform.