It's worse, at least there's some hope of getting people who enjoy the stuff you make to give you some money in return (despite the increasing tendency of corporate social sites to hide offsite links), if it's been copywashed by a corporate-owned scrape-and-remix machine then there's no chance in hell of someone deciding to support your work.
on FB/Twitter you get paid in popularity (a think some people strive for). with the chatgpt model you get nothing, no one knows you exist.
Also on FB/Twitter/isnta you can build up a following that likes you work, that you can then market/sell to. again with chatgpt you end up with nothing in the end.
-- This has been true ever since the FB/Twitter era took off