>> "This features genuinely adds to the user experience and its nice to have a way of sharing statuses with most if not all of my contact list as opposed to a select few that use snap chat."

This feature is now in TWO Facebook owned apps (WhatsApp + Instagram) and I recently read that they're also bringing it to Facebook (currently testing with some users). So now I have three identical products from the same company. It doesn't make sense to update the story in each app. Some friends will update one over the other and now I have three stories to check. That's the opposite of adding to the user experience in my opinion. Give them a bit more time and I'll have three identical Facebook apps just with different icons on my phone.