What it will do is continue to provide fuel for confirmation bias. What we, as humans, will have to figure out from here on out is how define and deal with constructed information. Currently, the chaos being generated is too valuable to small, but significant, group of political activists; however, I suspect Gen Z will eventually have the power to require restrictions (a la food labels) and penalties for using unsubstantiated information.
The days of using the Internet as a general information source is coming to an end. There will be value in curated data sets again, like we used to have with Encyclopedias.