I mean.. yeah. That's why no "Facebook like 2007" social networks have happened since. It would have to be run by someone with a lot of built up trust in order for people to trust it in the way that people did with Facebook. The world has been burnt.

If say, Valve started a social network I would consider using it because they've had decades to screw up Steam and they haven't. It is a bit outside their wheelhouse though.

This random guy though?