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I think it’s industry dependent. For my industry, it’s perfect.
All of the job tools are garbage in their own special way. Applying for jobs and interviewing has been one of the worst adult experiences I’ve had. >

I haven't had a resume for 10 years. There is no point anymore because you have to refill out information now. Total waste of time if I have to fill out an application. >

I’m not serious about a job move atm. >

With all of the document scraping tools available, it's absolutely ridiculous that you have to still manually enter information out that is clearly addressed in your resume. Even worse if you're applying to a software position and they still require it. >

Thank you for having your resume on file and submitting a copy of it as a pdf and doc.
Now please type all that information in again. 
All for the chance it wasnt posted just so the company can say they posted it, the ~35% chance it gets read, and the 10% chance if its read, itll be passed onto a hiring manager to contact you. 
I remember when those job sites would track if the applications were even read, they stopped that real fast when people started noticing how often applications were left on sent. >

It's truly garbage. The platform did stuff that's sketchy in my book like send you an email as though someone added you, then when you click it, it's actually now you asking to add the, Like they painted their version of suggested friend as a friend request.
Also, I don't like that you can see who looks at your profile. To me that's a cheep thing companies do to make you buy the subscription. Except their subscription costs too much, so instead I'm just not using it.
The content shared on it is exclusively recruiter spam, or office jockeys playing at professional. Like a crappy useless blog post.
It's also doxxing bait. Why on earth would you want your work history to be public in current year? This one is something I've got personal experience with as I've had people send me my entire professional history while making threats because I disagreed with them on reddit. >

It really does suck. Been on it for like 10 years. Have a Masters degree and several advanced certifications and the only people that head hunt and reach out to me are like cutco knife scam companies. I don’t think any legit companies use it anymore.