No. That’s what people like us and all the main stream media hope for. But: most people I know don’t have the slightest clue that Insta and WhatsApp belong to the FB group. And even worse: most of them don’t give a shit about the reputation of FB. They just want to send messages and share pictures through those apps.
Like Friendster, ClubHouse, and MySpace, there is a life cycle for every app. All the redisign and rebranding can't cure a good idea that has festered into a bad idea.
Facebook's tenure has been long indeed, but it's best time has likely passed.
Many people also don't realize the tactics that platforms use to try to uphold the illusion that they are still active, including paying influencers to post, and in even creating totally fake accounts. I won't say any names, but this is why most sites no longer publish their active user numbers like they did when they were growing, because many were caught as well back then in overstating their active user numbers.