Nope. Capitalist social media was a mistake, as a corollary of capitalism being a mistake, itself a corollary of developing hierarchical and authoritarian societies being a mistake.
The Fediverse itself provides an imperfect but serviceable implementation of a liberatory social media. The fact that we are both speaking to each other on proletarian class-conscious (in particular, anarchist) servers demonstrates that social media can be useful to spread class-conscious perspectives, in particular anarchist perspectives in direct opposition to State control.