I vehemently dislike "inarguably" claims as it's a similar strategy as "protect the children, you would want to leave a child unprotected, now would you?" and this is a double whammy as it is about protect children so, yeah.
Having said that.
I think there are definitely issues to be resolved.
The way social media keeps kids reeled in is one thing. In the past I saw teenagers doing stuff together, laughing, getting themselves into trouble (as a part of growing up), endless endless chattering together... Now I continuously see groups of teenagers quietly on their phones in a group, only interrupted by every now and then one teen showing something to others.
Just in general, I think little kids should have a bit less media to begin with. Again, I walk over the street and see mother's with tiny kids and they're already glued to the screen instead of looking around. I feel like that generation misses the beauty of the world outside in lieu of constant screen time. I getting, it's nice and quiet for the parents who also want a life, but it seems a lot. It sort of feels like these kids are losing humanity and instead get this new world of only tech, and soon, only AI.
I think there are loads of other issues to be resolved as well. I'm a staunch advocate for banning mobile phones on schools (exceptions where needed) for example.
Having said all that, I don't think that outright banning social media for kids is a good idea either, it doesn't have to be a nothing or everything decision.
One thing could be that social media companies could be forced to publish their selection algorithms, and requiring said algorithms to adhere to a set of laws that ensure kids can interact healthily with their products.
There are loads of other solutions out there. I don't think a full ban is right but leaving it at how it currently is also is not a solution