There’s a broadly believed myth that it produces meaningful professional opportunities among certain folks in the industry. In my observations this is very rarely true, and in many more cases it’s a professional liability.
This is highly dependent on what particular professional niche you're in.
Hollywood actors are now routinely cast (in part) based on how many social media followers they have, leading to a lot of weirdness around their agents and agencies buying followers, accusing other competing actors of buying followers, etc.
A bit closer to the HN crowd, there is definitely a correlation between speaking at conferences and having an "audience" and being a well-known figure online.
Similarly, the "build-in-public" indie folks are active on social trying to break the build it and they will come cycle.
There are ways to participate and filter through the noise that are positive, but certainly a lot of negative as well.
Thank you for the kind words, but even good CVs get lost in the great recruitment filter all the time. It's great to have a platform where you can interact directly with real engineers at various companies.