The problem is not social media but the fact that they can be so easily bought and manipulated by billionaires.
Fortunately, there is bluesky which is at least built to be billionaire resistant (although not billionaire proof). I suggest everyone that wants to connect with decent, intelligent, and interest human beings to head over there.
Blue Sky doesn't really help for those of us who use social media to keep in touch and view/like/interact with family and friends, specifically, without sharing and viewing the entire world. I use social media, but nothing is public, and I don't follow (or am followed by) anyone I don't personally know.
We're running out of options.