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I think social media in general is a slow fatal mistake. You lose hours and hours without gaining anything that enriches your life.
At least on text forum you're trying to discuss with people. But the bots are growing too...
Social media as in FB is useless, X can be useful — depends where you look for stuff, Instagram is useless as FB, Reddit I like it — it's similar to forums.
Telegram, X, Discord, Reddit, it can be useful but I still think the hours you can spend on it (judging on myself here) is not worth it. You literally will lose months of your life doomscrolling and not really benefiting from anything other than 'networking'. Until today I think the only thing I still find worthy is p2p traders that I can use for life for changing my crypto.