Well we have good news for those of you who like to keep a close eye on the competition.
You can see all Facebook ads for any business using the Ad Library.
This site provides advertising transparency by offering a comprehensive, searchable collection of all ads currently running from across Facebook Products, including Instagram.
Anyone can explore the Library, with or without a Facebook or Instagram account. You can access all active ads, even ones that may not have been shown to you because you weren’t part of an advertiser’s intended audience.