It definitely does!
High quality imagery is extremely important in the social media world. Having the right dimensions for when it comes to posting on Facebook, Instagram, Twitter, LinkedIn, etc. provides a better visual presentation of your business.
Facebook Image sizes:
Facebook cover photo: 851 x 315 px
Facebook profile picture: 170 x 170 px
Facebook link image: 1200 x 628 px
LinkedIn Image sizes:
LinkedIn cover photo: 1584 x 396 px
LinkedIn profile picture: 130 x 130 px
LinkedIn link image: 520 x 272 px
Twitter Image sizes:
Twitter cover photo: 1500 x 1500 px
Twitter profile picture: 150 x 150 px
Twitter link image: 506 x 253 px
Instagram Image sizes:
Instagram profile picture: 320 x 320 px
Instagram portait image: 1080 x 1350 px
Instagram square image: 1080 x 1080 px
Instagram landscape image: 1200 x 628