Is Facebook the Next Myspace?
A new survey shows that teen interest in Facebook (NASDAQ:FB) is dwindling, begging the question: Is Facebook doomed to be the next Myspace?
A new study by Piper Jaffray shows that just 33 percent of the 5,200 teens surveyed viewed Facebook as their most important social network. This is far below the 42 percent that had Facebook as their most important social network last year, though still good enough to keep the Social Network in first place.
Twitter, at 30 percent, was the second most important social tool, followed by Instagram and Tumblr, which received 17 percent and 4 percent, respectively. Although Twitter, Instagram and Tumblr increased their percentage from last year, Instagram—which is owned by Facebook—had the highest jump at 5 percent.
Facebook’s waning popularity among teens isn’t new to them, it seems. Just last February in the company’s 10-K annual report, they iterated: “We believe that some of our users, particularly our younger users, are aware of and actively engaging with other products and services similar to, or as a substitute for, Facebook”…