I have more online friends, due to my hobby.
Of course, there are pitfalls in meeting people on social media. Haven't had any serious problems, just guys (some married) who occasionally push the boundaries.
I have made one very good friend online, through a hobby site. We have a strong connection and he's helped me free some demons that were beginning to take hold.
Meeting people face-to-face is far better but in the digital age, there's nothing wrong with online friendships as long as boundaries are set.
Yes, I've also laughed and cried....