I feel like people forget that so much of what they blame on social media now existed with television. Propaganda, misinformation, addiction, emotional manipulation, mind rot, overstimulation, excessive advertising, even moral panics blaming it for violence and deviant behavior.
Television didn't create self-reinforcing bubbles of hyperreality because it represented a corporate model of reality applied to an entire culture. It could only do so much being a one-way means of communication, but bear in mind all most people do with social media now is consume. The more social media becomes like television, the worse it becomes.