I go back and forth. It's useful to maintain certain social connections, which I find harder to do as I'm getting older (weird to say that, I am on the young xennial side).
So it is a little hard for me to let that go as everyone becomes more and more spread out in the world. It's a weird soft 'push' of information that I am able to keep up with and enjoy.
Still, I see the ugliness of The Attention Economy...
It's weird finding a balance.
But ... I do notice a lot number of people who just sit there watching reels. So FB is probably doing just fine.