While I would agree, I think many are missing the even more fundamental issue. Even if you get rid of every single predatory thing imaginable, social media itself is full of incessant stimuli, FOMO and other features that make it destructive for everybody, but especially young people. For instance image crafting is going to harmful for everybody, because many adults have a tendency to engage in keeping up with the Joneses, but for children it's especially harmful because of much greater personal insecurities and proclivities towards envy.

And things like image crafting are not even necessarily intentional or malicious. Somebody who posts a pic of their filet mignon dinner probably isn't posting much in the way of their microwaved leftovers mashed up in a bowl. And adults already get mistaken perceptions of others because of this bias, let alone children.