I run ads on Facebook and Instagram for a while now, and using the Ads Library to see what my competition is doing was a blessing. And now this option is gone as well as my desire to do ads … Facebook you are failing us again!
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Hmm… I’ve just checked it up, and it worked perfectly.
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I hope it’s just me…
Perhaps it’s just something temporarily 
This. Ads Library is public and no one should be limited to what is seen there. Regardless its competitors or not. And worst case, you can always get a throwaway personal account to view all kinds of ads as again Ad Library is public, nothing should be hidden that is publicly advertised.