I use some Social Media but often hate myself in the morning.
I flat-out quit Facebook a year ago and wish I did it three years ago.
I use LinkedIn because it's the worlds greatest free contact management system. If you can get beyond all the lies people broadcast about their success on their profiles, remember they at least keep their b.s. current.
I'm told every day how important Social Media is to business. My guess is the person telling me is engaged in roughly six activities at once and knows lots and lots about business. So much so that their employer doesn't even pay them to work- but they really know how modern corporations can't survive unless they understand Social Media. (I mean, like, ya know, companies need to, like, realize that their younger customers, ya know, like use social media to communicate and, like, these companies will lose all their business to, like, social media savvy customers).
The same has been said about every new technology- I get it. Just remember that the next time you see someone texting at 75 MPH or adding to their Facebook News Feed while the waiter attempts to take their order. People didn't watch television while driving on the highway- but they do know with Hulu on their iPhone.
Social Media may one day be a really good thing. Right now it is a colossal time suck that reduces everything to a possible photo, video or other vapid version of "Look at me!!!...Look at me!!"..Look at how much FUN I am!!"