The Monkey King being challenged to clear Buddha's palm is perhaps one of the most useful stories told to me as a child.In general i think social media has been a good thing it has taken away power from the elites and oligarchs just a tad bit and gave regular people just a chance. A brother can start a youtube channel today, or twitch, or twitter page , or tiktok and get his livehood and earnings there if he grinds, same for the news , you can hoard it anylonger, in general its a good thing offcourse it has its downsides too like everything
It has not taken away power from the elites. It has created new elites who take the lion's share of the profit and have control over the algorithm.
We were closer to the image you have in mind in the early 2000s, back when more focus was placed on creating individual sites. Everything now is centralised.