True, but that is because there are bad parts of social media that we would also lose. The real question is how can we get rid of the bad parts of social media so we can keep the good? (I do not have an answer which is why I only check a few times per month)
The good parts of social media is basically Facebook's feature set in 2007 or so. Everything since then has been in the interest of increasing addiction and monetization. Unfortunately 95+% of Facebook's valuation is due to those bad parts, so I don't see a way back.