FAcebook Is 'Not Even Close' To Losing Young People, Re/code Says

by Jayson Derrick

March 31, 2016 12:11 PM | 1 min read | Make a Comment

One of the largest concerns expressed by

Facebook IncFB

investors is the possibility of a mass migration of young users towards a competing social media outlet. According to a

Re/code, not only is this fear overblown, it is "not even close" to bearing any truth. The publication, citing a comScore report suggests that the percentage of 18 to 34 year old Internet users who frequent Facebook is "literally in a quadrant of its own." In fact, Facebook's coveted 18 to 34 demographic base spends more than 2.5 times as many minutes on its platform as they do its closest competitor - Snapchat. Meanwhile, Facebook-owned Instagram ranks a "very close third." Shares of Facebook were trading lower by 0.13 percent late Thursday morning.

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted In: Media comScore Facebook Facebook Demographics Facebook Users re/code

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Benzinga.com on devices