I don’t disagree with that, although your comment is very vague, so hard to tell if we agree in details or only on the vague notion.
For example, YouTube and Facebook both have recommendation algorithms designed to capture your eyeballs and keep them there, because that sells ads and that means revenue. The problem with both appears to be what those algorithms are sending you to. While I can’t prove this, I have a friend who has traversed down the YouTube rabbit hole (he admits he dropped cable TV and gets everything from YouTube). He got himself chin-deep in various conspiracy theories.
So I would say that these social media algorithms have been great for company profits but detrimental for society. But this begs the next question, which has been discussed on this board in the last two weeks, is what is the purpose of a corporation? Is it only to benefit the shareholders? Does a company have any responsibly to society for example? I would say YES, but if that responsibility to society impacts profits… (you know my answer to that already)