exactly this. arguably they've probably trojaned or backdoored the e2e encryption by now, after buying it too.
After WA added e2e it became politically possible within FB to add the same to Messenger (as long as it behind a few conversation gateways that made it hidden for most users) but FB leadership did _not_ support adding e2e to WA and certain groups continued to fight against adding it to Messenger because it was going to close off a channel for the ads team to pick up signal by spying on user conversations.