Do you think social media is now becoming more a place for business than socializing, Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?
I do not think that business and socializing can be summed up in the same meaning, but they are intertwined and inseparable. If you look at the fact that socializing and trading are basically the same thing - selling (advertising) or buying (asking) something we need in our life. Usually socializing costs us only time. However, in some cases it can cost money. Businesses are extremely social, because they have to be. Otherwise they fall into disregard and eventually just dry out.
You cannot earn any money without socializing. That is why many people say the customer is king.