Like most anything in life there are all the above to it.
Tools are just opportunities for proper use or abuse, depending in the handler.
In general however, seems social media is causing much more harm than good. Would I want it to go away? No , but just like I don't want to give up ice cream, donuts or pizza, it would be better for my health if I did. But good luck taking the drugs away after the junkies hooked.