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Firm disagree. Social media, or more specifically algorithmic short form content these days, is extremely damaging. It’s different from anything that’s come before and has nothing to do with connecting with your peers.
I graduated high-school in 2009 so I saw the beginning of popularized social media. Very few gained anything from participating in it. Mostly people who were good at marketing and building a following benefited.
I generalize millennials as too young to legally drink in the US (21) but old enough to remember the millennium. It’s not completely accurate though.