I think these social media platforms give teenagers the feeling, that everyone is pretty and successful.
Back in the days, only famous people where in fashion magazines. They where an elite group of people one could easily distinguish from.
But nowadays, there are so many "noname" persons out there, having a successful instagram feed. This could create the impression that all people out there are good looking and successful, except yourself.
Yeah, that's exactly true. It's cargo culting. Super models are beautiful and popular, so if I pay for a photo shoot I am also beautiful and popular seems to be the logic of many "influencers".