I think social media tech companies are going to on a long term downward trend. People are sick do adtech and surveillance capitalism. But everything else in tech will bounce back.
I know for me personally YouTube Premium is well worth the $11.99 per month, no way I would ever consider going back.
I don’t think it’s an either or thing. I think social media has saturated. It’s no longer some new and exciting thing. People already know what’s it about. They will slowly cut back on its usage. It won’t go away but it also won’t be like the last 10 years either.