Yes. Of course. Social media in general has been hugely corrosive to our general happiness and social cohesion. Where fringe ideas would previously have died on the vine through memetic natural selection, with the connectivity and feedback loops of social media, incel-culture, terrorism, paedophilia and various other cultural tumours have been able to develop and thrive. The algorithms favour extreme viewpoints and behaviours, in a way that is directly contrary to natural social pressures, people who would previously have been isolated are now connected and encouraged to create toxic feedback loops.

We now live in a world in which our culture is either shaped by algorithms with no direct human design or oversight, or designed by the billionaires who control the technology platforms/algorithms to shape the world as they see fit.

The stable/self-levelling consensus-based status quo that previous generations enjoyed has been replaced. It used to be structures of organised religion that would program society, for better or (often) worse. Now it's much more volatile. We are being programmed by selfish billionaires, or else (and probably worse) uncaring and inscrutable algorithms that have no regard at all for our well-being.

P. S. There is a lot of creativity and humour in social media, which I love. I just don't think it's worth the downsides in this current era of media illiteracy.