No.
Humans apply value to things; they are not intrinsically valued.
Social networking software is for connecting people. That's what it's for, and that's what it does.
It is a medium, a tool. Just as a broadsheet originally was to inform.
Already your primary discussions are how to monetize this medium, rather than make it ~zero-cost for everyone to engage/host. Nearly everyone on social media walks around with a server-grade computer in their pocket.