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Can confirm. I bust my ass doing social media promo for my latest book but with nowhere near the same return. It's hard to build that groundswell of new launch excitement.
Hey, so. I understand that this is anecdotal and not research, but. It is WILD how useless social media has become for promo. It's a fucking disgrace, really.
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Social media has always just been something to do to waste time (too much of it) and share interests for me. Sorry to hear that using it for sales/promo isn't the same anymore. I've heard from some younger friends I have (in their 20's) that people are (thankfully) shifting away from the internet.