I think buying followers may be against the Terms of Service for most, if not all, social media platforms. Doesn't stop people from doing it, of course, but definitely food for thought if someone were to consider doing it.
That said, I disagree with the practice regardless of if it was against the Terms of Service or not. It can hurt the brand, and it generally tends to be pretty obvious when someone does buy followers. Better to grow things organically through the use of hashtags, interacting with posts on your chosen social media platform(s), and encouraging the community to follow and engage with posts on social media (if possible).
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