Yes, but it also affects you in the case that you argue that some other, unrelated Facebook patent is invalid, even if you're happy to concede that the patents covering React Native are valid.
For Google's use case, it means that if they ever find themselves in court claiming to have prior art on any of Facebook's patents (let's say Facebook sues them over something G+ does, and Google says it was described in the literature well before either of them), they automatically lose the (patent) rights to all of Facebook's OSS, even if they're legally in the right. So they can't build anything they care about on React.
For Google's use case, it means that if they ever find themselves in court claiming to have prior art on any of Facebook's patents (let's say Facebook sues them over something G+ does, and Google says it was described in the literature well before either of them), they automatically lose the (patent) rights to all of Facebook's OSS, even if they're legally in the right. So they can't build anything they care about on React.