Whenever this comes up people point out, 'Come on, let parents decide for their kids!' -- I sympathize with this argument, but let me explain why I don't believe that actually fixes the real problem. For reference, I'm gen-Z, COVID hit while I was in highschool, and I have seen and to this day see Tiktok / Reels / Shorts used every day by my friends (and to some extent me).
I may not be having kids for a while yet, but if I had teenagers today I would absolutely move somewhere where it is not legal for kids to have social media accounts. The underlying problem is that this isn't an individual problem, it's a social one! If a teenager's friends all have social media, he is going to be left out! It is going to severely hurt his life. Even if he never watches short-form video (the main component of social media I think is detrimental), his friends will! When I was in highschool sometimes my friends and I would get together and we would be bored, have no clue what to do. Instead of messing around doing random things, a couple of them would just open up Instagram reels and bam, afternoon wasted. If the half the group isn't trying to do something, you aren't going to do anything. Contrast this with before I was a teenager and before phones, I vividly remember me and my friends just exploring and doing random things. It's just a different experience and I think social media needs to be banned for everyone for it to be effective.