de0u Also, I suspect they routinely transcode video, which is somewhat likely to remove malicious format errors.
Yeah, they definitely reencode the video entirely. All serious video hosting services do, because users upload things in all kinds of weird and non-standard formats that might cause playback issues for some visitors otherwise. Some might even upload a several gigabyte large 30 second long video in insane resolution. Users cannot be trusted, so everything is reencoded.
Curioussecurity11 how would one of those most popular Instagram download sites(not sure if I am allowed to post links),fair in this regard?
I think both Facebook and Instagram host the video files in a way that is very easy to fetch, so most downloaders would just find an absolute link to the video file on Meta's own domains, and let you download it directly, instead of them hosting infrastructure to download files, reencode files, and then serve files to you. You should be able to check the URL of any download you start. If it is on Instagram's domain or other Meta owned domain, the files are definitely free from exploits and safe to play.
I wouldn't expect a zero-day compromise even from a shady downloading service, unless there is reason to specifically target you, eg because what you download is illegal or because the content is likely to be downloaded by activists. Zero-days are hugely expensive, and the more times it is served, the bigger the risk it gets detected and patched in a software update.
Definitely keep your system up-to-date though.