I don't even like "lol" because it seems to me that it's used in situations that are anything but funny or at others' expense a lot. I mean, I won't get upset if someone sends it to me so long as it's nice but I prefer "haha" to express humor.

Text speech was originally intended to make it easier for people with the phones where you had to push each button several times just to get a letter. Most of them were gone by 2010. If anyone is still using those phones, it makes sense for them, but is completely unnecessary for qwerty keyboards of any kind. I'm also not a fan of acronyms unless it's for a disability and even then I have to google some of those.

On another board these people had a list of acronyms for common words and I couldn't stay there because I was too confused by it.