Facebook, much?
A new study looks at the effects of stepping back from social media (deactivating facebook).

The Welfare Effects of Social Media
American Economic Association
March 2020
Citation: Allcott, Hunt, Luca Braghieri, Sarah Eichmeyer, and Matthew Gentzkow. 2020. "The Welfare Effects of Social Media." American Economic Review, 110 (3): 629-76. DOI: 10.1257/aer.20190658

The rise of social media has provoked both optimism about potential societal benefits and concern about harms such as addiction, depression, and political polarization. In a randomized experiment, we find that deactivating Facebook for the four weeks before the 2018 US midterm election (i) reduced online activity, while increasing offline activities such as watching TV alone and socializing with family and friends; (ii) reduced both factual news knowledge and political polarization; (iii) increased subjective well-being; and (iv) caused a large persistent reduction in post-experiment Facebook use. Deactivation reduced post-experiment valuations of Facebook, suggesting that traditional metrics may overstate consumer surplus.

A quick websearch shows the paper available as a free, downloadable PDF file at Stanford (a working copy?), dated November 2019.