Yes there is still value to be sure beyond monetary measures.
Many find a sense of community, social interaction and valuable content.
I have easily gleaned content value greater than what I have spent from my PoV.
But a business or non profit, ultimately needs to make a profit or at least break even to be a long term viable proposition.
The potential for SNs was huge- I would have seriously considered investing at start up if I have known, and clearly at least one probably more people, did.
All content consumers-net sats spenders were effectively supporting and investing in the financial model and ethos of the project.
But there were and still are simply too many intent on extracting monetary value.
Its a fine balance and requires serious integrity to achieve.

A start up cannot expect profits from the start- you have a time line and need to attract users and develop systems etc.
The potential for a model of sats denominated P2P V4V social media platform was and still probably is huge.
But it faces many obstacles including government obstruction and human nature.
Both played a part on SNs failure to achieve the momentum required to reach break even and beyond that ongoing sustainable development.
It is a real loss but one that learning can come from.
If at first you do not succeed, learn from the past, and try again.
For now though I believe SNs is in a downward tailspin and will now probably never achieve economic viability- though I would love to be proven wrong!
There is simply not enough real money flowing in...and ever increasing reliance upon CC shitcoins which can be issued to infinity and we all know where that leads to.