Yes. From all sides. It's sad thing to witness because my naive young self viewed social media as the promise of free information flow, honest interaction and entertainment. I guess that was wishful thinking.
I remember when we thought internet was the new printing invention, and that it will bring direct democracy everywhere :)
But hey, nothing grows at a regular speed and in straight line, this may still happen.
I think we may be in the "empire strikes back" phase.