Instagram Stories is FB's direct shot at Snapchat and from my understanding, it is doing pretty well and growing.
WhatsApp is barely used in the US but heavily used outside the US. I think WhatsaApp Status is FB's play to bring Snapchat to the millions of users not in the US - stifling Snap's international growth through network effects.
My bet is they'll add SMS ( maybe + RCS) support to WhatsApp soon as well and then more slowly go with the WeChat model of becoming your everything app.
Here in India I used to think it's only WhatsApp pretty much then I realised there are many apps which have substantial user-bases e.g. hike messenger (hike.in). I was surprised that Viber still has decent number of users in India and then of course there is Fb Messenger.
Depending on the which of those end points is taken, either all teens, late teens, or no teens are Millenials.
[0] A (probably incomplete) breakdown is available on Wikipedia, https://en.m.wikipedia.org/wiki/Millennials#Date_and_age_ran...
You know, you can do both. Even though FB can get its users make stories in its apps, the teens/millenial audience which Snapchat has is what FB want.