Stock in News: Facebook (NASDAQ FB) Popularity Decreases Among Teens

Technology Stocks News 1

Facebook is not as much fun for teens as Instagram and other social networking sites are, reveals a survey. Facebook Inc (NASDAQ FB) is losing popularity among teens as more and more youngsters prefer Instagram and Twitter Inc (NYSE TWTR) to fulfill their social media needs, says a report from Piper Jaffray. There is no mention of Vine or Snapchat in the survey, which is an odd omission.

According to a report from The Washington Post, Facebook usage from fall 2014 to spring 2014 among teenagers aged 13 to 19 dropped from 72% to 45%. Facebook, however, is still the largest social networking site and also owns Instagram, which balances the equation.

Piper Jaffray’s survey Taking Stock with Teens is conducted semi-annually. The fall 2014 one covered 7,200 US teens. Analysts noted that these teens are fond of Apple Inc (NASDAQ AAPL) and that 67% of them own an iPhone, compared to 61% in the spring wave. Also 73% are expecting to buy an iPhone as their next smartphone and around 66% of participants use the iPad. The survey found that Android is losing popularity, as only 19% of the teens surveyed prefer Android, down from 24% in April.

Facebook Inc: Facebook Popularity

These kids are from well-to-do families, and around 2,200 of those surveyed have an average household income of $109,000. Others are close to the middle of the U.S. income distribution with a $56,000 household income.

The Apple Watch is not in demand among these kids because they do not understand the need for this kind of device. In 2012, a study concluded that only 32% of Millennials wear a watch all the time, even though 71% own a watch. Those born after 1990 prefer to use a phone for checking the time and showing off. Piper Jaffray’s study shows that the most popular watch brand among them is Rolex–not that they actually own one or want to.

[grabpress_video guid=f8fc41f7805249f9e8d2ae7aa80abe6268efc01e embed_id=2151919]

Facebook Inc (NASDAQ FB) Business News

It’s interesting to note that Apple should not use Facebook to promote its watch as there will be hardly any teens on the network to show ads. Instagram usage among teens has surged from 69% to 76%, and 38% of teens say that Instagram would be the best marketing channel to reach them. A recent report in The New York Times indicated that Facebook is working on a new mobile app that would enable anonymous and pseudonymous interaction, which might help the company to increase interest among teenagers.

Thanks for visiting the TechNews.org website. Be sure to catch all Facebook Inc (NASDAQ FB) financial news, bookmark us and check all the videos and news articles regarding the Facebook stock.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone