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So usually when this happens, you were rated really well by your product sense interviewer and quite poorly by your execution interviewer. When two interviewers give vastly different ratings, we re-do the negative round.
For doing better on your upcoming execution round, what you need to know is that there are three main execution questions fb asks: determine the right metric to measure success for a product, evaluate trade offs to make product decisions (one positive metric goes up and another positive metric goes down, figure out why and decide whether to ship) and diagnose the underlying problem (usually figuring out what caused a hypothetical metrics drop).
I found this guide and the courses offered on that site super helpful for the fb interview process as they feature a senior Facebook PM showing you how to answer execution, product sense, and leadership & drive questions https://www.productalliance.com/guides/facebook-pm-interview-cheat-sheet#types-of-interview
Their Facebook deep dives course included a really helpful list of questions you're most likely to get asked. I actually got a question from that list during my final round which was clutch lol
Obviously, practice is the most important thing though. I paid to get mock interviewed by an Ex-fb pm on igotanoffer after taking the Product Alliance course. I think that helped reinforce my course learnings.
Feel free to ping me if you have any other questions. Good luck!
It means you did borderline and they decided to give you another shot
This is really helpful. What are key areas that the interviewer looks at for Product Sense? That one has way more variables.
Just for encouragment, I was in the same situation (except I redid product sense) and passed the second time. I moved on to the full-loop and passed both again along with the leadership.
Don't get discouraged!