Ah I wrote my reply above before seeing your comment! Hell yeh! Breeds anxiety, toxicity and is fake and largely used regularly by fake people trying to lie about their lives and sharing pointless information for false replies and likes and it’s also a thing for nosey gossips - ban it all - mainstream, I don’t count NSC etc...!
But why do you think you can decide NSC is ok and other forms of social media aren't? Because some people abuse the freedoms you penalise everyone that doesn't. You might as well ban alcohol because a minority of people that drink become alcholics, or gambling because a minority lose control and become additcts.