Absolutely not. I have to use it for two communities I am part of, and every time I open it I can't believe how much promoted content I see. I also notice that whenever I post links to off-fb content very few people engage with it, likely because FB is deprioritizing those posts.
One thing I've noticed is that if I hide all the junk I see, it will clear my feed out and make it suck a lot less, but only for a few hours or a day, then it goes back to being inundated with promoted content.
Fuck shorts, fuck Instagram stories, fuck fb marketplace ads.