I think the facts on the ground preclude the moral panic angle. Skyrocketing teen depression since 2012, a genocide in Myanmar, ethnic violence in India, a riot/insurrection borne out of fake news on election integrity, woke cancellation mobs empowered by Twitter and the power of wokeness over institutions, large amounts of vax hesitancy. All of these nasty things are circumstantially tied back to social media in one way or another.