Meta is a capitalist social media company and they seem to be doing okay. Facebook might be uncool with the kids these days but it's still massive. And Instagram and WhatsApp are still very popular.
I think the difference between Meta and Reddit is that I bet Meta would issue some sort of apology and carefully crafted PR if they found themselves in Reddit's current situation. But Reddit doesn't even seem to care about angering its users, which just feeds the anger more.