If we are able to make a permanent break from social networks, then we'll regain our collective and individual intelligence. Only those who do business may find advantage, but all individuals are just being herded on like dumb cattle by the owners of the social networks.
Each person has signed a contract to give ownership to the photos they post online there. They inadvertently lose their originality and thinking as they get guided by the recommendations posted that supposedly suits their preferences. But worst of all is that each person sells out their friends/relatives utterly.
Take for example the terms and conditions. They say they will never use your info for any purpose and maintain your privacy. This is true and they do legally. What they do not say is that they take in all info about each of your friends and sell, make profit, build a database, profile them and anything else they do.
Lets take an example of one person A who has only 2 friends B and C; and the 3 people have 2 friends each so that there are no other people friends with A, B and C.
The social networks will not take info from A but scrape info of B and C. From the account of B, they scrape out info of A. So now all 3 people's info is taken and without violating agreements. But each individual is taken for a ride and deceived.
Facebook has asked banks in the USA to give them detailed customer information so they can make some specialized services. In India, these social network icons are stuck in every bank site and several government sites. Why would any sane person want to link themselves and their info with these platforms?
In alternate media, the social networks are seen to be arms of the western intelligence agencies. The owners of each company has shares in each other companies, so they are all in it together. So in the interest of national security, we'd be doing a favor to just close all accounts with social networks. They will probably lose money big time and face their consequences.
Please don't start saying these help in time of trouble to spread info – if facebook and twitter etc were not there, the government would be forced to develop its own public service networks and do the same without the foreign hand in it. But the american based networks only push things that suit their agendas. They do not provide public info services in areas like Venezuela or Syria or Iran or many African nations. They use their control over the masses to push fake news and try to topple legitimate governments around the world who do not toe their will.
Best thing to do is break the yoke of social networks from our lives and live free and true.
Never spend what is not yours!