I don’t think social media broadly is going away, but they are changing.
Facebook kinda killed its own activity by pushing growth of their social graph.
Over time it stopped being a place to connect with friends and just became… I don’t know. But it discourages user activity because family, friends, old classmates, guys you bumped into on a night out, ex’es all can see your activity.
It’s not fun checking-in somewhere, posting funny pictures from last nights party or whatever because it is practically public.
And my impression is young kids don’t like it either. You do your highlights reel on Instagram, but other than that, everything happens in private chat groups.
Every meetup group I go to, every Facebook group I visit wants us to connect in a private chat group and have notifications every time someone says something.
For this old fart, it’s exhausting to keep up with.