Would kids in High School today with Smartphone still interact like this

This movie, set in '91, was very relevant to my experience in High School. I graduated in '81. In the ten years between '81 and '91, the music changed and a few other things, but things mostly stayed the same. It was all pre- 9/11 and pre-internet. Teachers didn't get involved much in bullying - kids mostly had to work that stuff out by themselves, in peer groups and in the cliques that they formed (my wife is a teacher and confirmed after seeing this film that today teachers would be required to intervene in ways they never would have 30 years ago). Kids today have Common Core and a lot more testing than I did too. I could, and did, very much navigate the fringes of the system, just getting by and making the main focus of my life my friends and seeking out new experiences. As long as I kept my grades slightly above average, parents and teachers didn't really notice or get in my way. Getting into college was a lot less competitive and a lot less expensive.

I compare all this to my son's generation, kids raised by "helicopter" parents, and their time and activities much more controlled by adults and media. Lots of them are medicated from a very early age. And the vast majority of them are plugged into smartphones and computers from the time they wake up until the time they go to bed. My son surfs online with a vast network of acquaintances, but his interactions in real-space (especially as something of a Wallflower) seem very limited to me. I don't see him forming these close alliances that we see in this movie and that I had to make to get through High School. He has to keep his grades high to have a chance at a good college admission, and the cost of college means that he knows he'd better be serious and make the most out of that time. Social scene is very much secondary for him. He seems more stressed out than I remember being. Maybe I'm just getting too old and forgetting? Maybe I'm just "someones's Dad now" (to quote the movie), and clueless?

Do kids still hang out like this? Do they still make each other mixed tapes? Are the social cliques in High School still as powerful, or can kids escape all of that (and defer much of the coming of age that comes from overcoming it), by taking refuge in the internet and the echo chamber of social media?

And (totally aside) is Rocky Horror even playing anywhere anymore? I read somewhere that they are planning a remake. As if kids today need Rocky Horror as a safe place to explore and defy sexual norms, lol.
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A wrench to the head changes everything.