hehe i dont think Social media has any threat from steem. if anything they probably use steem as a case study in why platforms shouldnt just pay people flatout for content because of the spam creates..

It could be imo hive. people who want to try to let that be a chosing point between steem and hive. and two. it could be people connected in these exchanges that are able to decide... okay well turn off withdrawals and allow deposits to crash steem down to 17. okay now well load up. and turn back on withdrawals so people start buying it agian.. then it hits 22 they sell and turn off withdrawals

rinse repeat