Unfortunately, this mythology is becoming exceptionally maladaptive in modern society but we can't see it because it is so deeply ingrained.
Admittedly, there are many harms as well. I can't say whether one outweighs the other, and perhaps it is because the technophile often avoids many of the involved harms that it becomes too easy for many to overlook them or play down the impact.
It seems rather uncontroversial now that social media is detrimental to teen mental health (and I really don't think it's limited to teens). From the start I saw reasoned arguments that this sort of technology was deleterious for a few reasons, but the counterargument I usually saw here was, "yeah, but look at how much Facebook pays developers... and they contribute to open source". Two of the most prestigious of companies here, the F and the G in FAANG are purely advertising companies (and the others have plenty of it as well); what are they doing but trying to manipulate you into buying things you probably don't need? Obviously the pay is attractive, but is that how anyone but a psychopath wants to spend their career?