My kids aren't interested but as far as I can tell it doesn't have a huge impact on kids. And I don't believe there's any convincing research to support it's dangers. I tell my kids to not believe everything they see online but that's about it.
https://www.publichealth.columbia.edu/news/teens-social-medi...
https://www.oii.ox.ac.uk/news-events/no-evidence-screen-time...