I think that having the convenience of an easy-to-use, always-online device in your pocket at all times is inherently addicive. The profit motive just compounds this issue on purpose to extract wealth, but it is more of a symptom of a larger issue.
Humans, nor any other animal on this planet have ever existed in an era that they can be always connected to everyone in their species at all times; even having that ability at all is revolutionary and unprecidented.
It used to be that the only people you talk to would be people in your local area, but now a significant portion of the percentage of people that an average person is likely to encounter on a daily basis is via means where their real character is hidden behind a carefully curated mask.