Do I look at it daily? Yes, I do. But I'd say that 95% of the content I see on it is junk, very few of my peers are posting their lives on there.
As for blue-line Facebook, it's so slow it's borderline unusable. I'm not sure what happened (ReactJS maybe?), but the performance is a fraction of what it was ten years ago.
> The future is probably smaller networks where users self-select into them based on affiliations, much like web forums.
Yeah it's like everyone got drunk on connection and is slowly rediscovering peace in disconnecting. I'd wager you're right about this.