What are some good points of social media?

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Here are my corrections for you:

I think that social media more have side effects than good effects.

>> I think that social media have more bad effects than good effects.
However, social media have a good points also.

>> However, social media has good point too.
It is easy and efficiency way to conversation with other people.

>> It is easy and an efficient way to have a conversation with other people.
Also, social media is more cheaper than traditional communication way.

>> Also, social media is cheaper than the traditional communication way.