Facebook Losing Ground with Teens
June 3, 2013
Oh, oh. Is Facebook falling down? The wildly successful creation of the young Zuckerberg is beginning to show its age, and teenagers are now refusing to be seen with it. The Motley Fool informs us, “Facebook No Longer Home to Teens.” Writer Mark Holder argues that recent media attention on Facebook’s mobile Home app and its Graph search misses an important part of the picture—the site’s shrinking audience among young people. The article reveals:
“The bigger issue not generally addressed is that all the new revenue monetization issues won’t matter if Facebook follows the path of all other social networks. Eventually users tire of the service and move onto the next hot social network. The new set of teens aren’t as interested in following the footsteps of the teens from 5 years ago akin to a nightclub typically having a limited length of popularity.”
The write-up goes on to present a chart of “estimated reach” statistics from Facebook itself, and notes:
“The chart shows that the 18-24 year old group lost the largest amount of users in the last 3 months at over 2 million. The second largest group was the 25-34 year olds at nearly 2 million users. Ironically the only group to gain was the 65+ year old group that likely diminishes the younger groups desire to stay on the site. It’s one thing to deal with a nosy parent, but showing your wild party pics to your grandparents is a whole different issue.”
I suppose. Whatever the reason, Holder takes investors to task for ignoring reality in favor of Facebook’s shiny-new innovations. Perhaps, though, the social leader can find a way to turn the trend around, or to minimize its impact. Stranger things have happened.
Cynthia Murrell, June 03, 2013
Sponsored by ArnoldIT.com, developer of Augmentext
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