diff --git a/flow-typed/fsevents.js b/flow-typed/fsevents.js
new file mode 100644
index 0000000000..6f3b0e2a75
--- /dev/null
+++ b/flow-typed/fsevents.js
@@ -0,0 +1,73 @@
+/**
+ * Copyright (c) Meta Platforms, Inc. and affiliates.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow strict
+ * @format
+ * @oncall react_native
+ */
+
+declare module 'fsevents' {
+  declare type Event =
+    | 'created'
+    | 'cloned'
+    | 'modified'
+    | 'deleted'
+    | 'moved'
+    | 'root-changed'
+    | 'unknown';
+
+  declare type Type = 'file' | 'directory' | 'symlink';
+
+  declare type FileChanges = {
+    inode: boolean,
+    finder: boolean,
+    access: boolean,
+    xattrs: boolean,
+  };
+
+  declare type Info = {
+    event: Event,
+    path: string,
+    type: Type,
+    changes: FileChanges,
+    flags: number,
+  };
+
+  declare type WatchHandler = (path: string, flags: number, id: string) => void;
+
+  declare type FSEvents = {
+    watch(path: string, handler: WatchHandler): () => Promise<void>,
+    getInfo(path: string, flags: number): Info,
+    constants: {
+      None: 0x00000000,
+      MustScanSubDirs: 0x00000001,
+      UserDropped: 0x00000002,
+      KernelDropped: 0x00000004,
+      EventIdsWrapped: 0x00000008,
+      HistoryDone: 0x00000010,
+      RootChanged: 0x00000020,
+      Mount: 0x00000040,
+      Unmount: 0x00000080,
+      ItemCreated: 0x00000100,
+      ItemRemoved: 0x00000200,
+      ItemInodeMetaMod: 0x00000400,
+      ItemRenamed: 0x00000800,
+      ItemModified: 0x00001000,
+      ItemFinderInfoMod: 0x00002000,
+      ItemChangeOwner: 0x00004000,
+      ItemXattrMod: 0x00008000,
+      ItemIsFile: 0x00010000,
+      ItemIsDir: 0x00020000,
+      ItemIsSymlink: 0x00040000,
+      ItemIsHardlink: 0x00100000,
+      ItemIsLastHardlink: 0x00200000,
+      OwnEvent: 0x00080000,
+      ItemCloned: 0x00400000,
+    },
+  };
+
+  declare module.exports: FSEvents;
+}
diff --git a/packages/metro-file-map/package.json b/packages/metro-file-map/package.json
index bdb709751c..9df1d82393 100644
--- a/packages/metro-file-map/package.json
+++ b/packages/metro-file-map/package.json
@@ -30,6 +30,6 @@
     "slash": "^3.0.0"
   },
   "optionalDependencies": {
-    "fsevents": "^2.1.2"
+    "fsevents": "^2.3.2"
   }
 }
diff --git a/packages/metro-file-map/src/watchers/FSEventsWatcher.js b/packages/metro-file-map/src/watchers/FSEventsWatcher.js
index a02e15ed54..4a8d59a6cc 100644
--- a/packages/metro-file-map/src/watchers/FSEventsWatcher.js
+++ b/packages/metro-file-map/src/watchers/FSEventsWatcher.js
@@ -16,13 +16,17 @@ import * as path from 'path';
 // $FlowFixMe[untyped-import] - walker
 import walker from 'walker';
 
+// $FlowFixMe[cannot-resolve-module] - Optional, Darwin only
+import type {FSEvents} from 'fsevents';
+
 // $FlowFixMe[untyped-import] - micromatch
 const micromatch = require('micromatch');
 
+const debug = require('debug')('Metro:FSEventsWatcher');
+
 type Matcher = typeof anymatch.Matcher;
 
-// $FlowFixMe[unclear-type] - fsevents
-let fsevents: any = null;
+let fsevents: ?FSEvents = null;
 try {
   // $FlowFixMe[cannot-resolve-module] - Optional, Darwin only
   fsevents = require('fsevents');
@@ -116,12 +120,13 @@ export default class FSEventsWatcher extends EventEmitter {
     this.doIgnore = opts.ignored ? anymatch(opts.ignored) : () => false;
 
     this.root = path.resolve(dir);
-    this.fsEventsWatchStopper = fsevents.watch(
-      this.root,
-      // $FlowFixMe[method-unbinding] - Refactor
-      this._handleEvent.bind(this),
+
+    this.fsEventsWatchStopper = fsevents.watch(this.root, path =>
+      this._handleEvent(path),
     );
 
+    debug(`Watching ${this.root}`);
+
     this._tracked = new Set();
     FSEventsWatcher._recReaddir(
       this.root,