I don't think social media has had a great impact on our daily lives. You end up wasting a lot of time reading and searching for meaningless comments. Like someone my posts, "I'm hungry." Time would had been better spent not sitting in front of the computer.
Agreed HereNow it takes too much time. I would rather go to coffee or get a drink with my friends than to look what they are doing from my phone/computer. Social media is an obsession people can't resist the "dring dring" sound when a new message comes.