No, there is too much content for that nowadays. YouTube has over 3 million new videos each day. Facebook, TikTok, Instagram also has ridiculous amounts of new posts every day. Browsing Reddit on New was a terrible experience on r/all or even many of the bigger subs. Even on the fediverse sorting by new is not enjoyable. You are swarmed with reposts, and content that’s entirely uninteresting to you.

It works in smaller communities but there it isn’t really necessary. You usually have an overview of all the content anyhow and it doesn’t matter how it’s ordered.

Any social media that plans on scaling up needs a more advanced system.