We have to ask ourselves: what are these new tools and inventions being used for? Are we better off today, where everyone has access to this virtual square, or 30 years ago where no one really had a place to say what were on their minds? I think it's clear, with respect to COVID-19, we're much worse off since the tools like YouTube and Facebook are being used to worsen the epidemic, not make it better.
Obviously it can have a good impact. I use YouTube everyday to educate myself on multiple topics (mainly history, computer science, architecture -- non-contentious things). I love that aspect of it, I have more access to knowledge now than I ever thought possible. But in order to limit YouTube to that it'll have to be heavily regulated and stripped down. Which raises the questions of free speech.
Still, I think we may find in a few decades that things like Facebook/Twitter/Youtube were better off left uninvented, never to have seen the light of day, like VX gas and nuclear bombs.