Judging by how poorly maintained and how rarely updated the mobile site is, I think it's safe to assume that the vast majority of people are using the native apps, not the mobile site. Major features like the marketplace and video tabs are nowhere to be seen on the mobile site, for example. If the mobile sites were getting the bulk of users, Facebook would surely prioritize it.
As for facebook's priorities - they could surely also be neglecting the mobile site with the aim of getting people to install and use their app. Again, I don't know if this is the case, but it's certainly plausible.
I just noticed this FB blog post: https://developers.facebook.com/ads/blog/post/2018/05/09/rel.... The chart at the top shows app vs. web use of mobile devices, not just for FB but overall. As I expected, mobile web is significantly smaller than native apps, from a time-spent standpoint.
And before you suggest that those users might still be using it on desktop more than on mobile:
"Mobile advertising revenue represented approximately 91% of advertising revenue for the first quarter of 2018, up from approximately 85% of advertising revenue in the first quarter of 2017." - https://investor.fb.com/investor-news/press-release-details/...