It's a bit dated tbh, these days even if you pay you are still the product, you simply aren't worth the while to be treated well because in most cases these companies have established monopolies, and we're not just talking social media but a good deal of tech companies altogether, and many in other sectors be it cars or fridges.
We are well into the enshittification era and the way they make you stay has gotten a lot more overt and direct, far less subtle, you flat out cannot blacklist sources in Google news anymore for instance.
That said it's important to remember that pre-enshittification things were not good, and that an initiative to move off social media should ideally be motivated not by an attempt to make companies return to a prior era of better value or to, nor by a desire to return to that era, but by the realization that a veil has been lifted on what has all along been a pretty awful thing.