Is it a good thing for US? In 90ties we only knew American culture from sitcoms like Baywatch and Friends. Now your political culture turned into Southpark and US is a joke.
I always am fairly aware of the news, even abroad, but I stay off of social media (except HN). I only read actual news from formal print publications. Honestly, the lack of American foreign correspondents reporting abroad (especially in print) makes the US susceptible to a lot of uncertainty, and plausible deniability (such as with Russian propaganda being propagated on social media). With respect to that, the Financial Times does extremely well, but it is not an American news source. But, it is definitely worth getting a subscription to. They also do a lot of reporting about tech, which is typically spot-on. I have only been disappointed once when reading a tech article on FT.com.