Regarding social media, the latest study finds the number of current Facebook users continues to drop. The study shows an estimated 15 million fewer users of Facebook than in the 2017 report. The declines are heavily concentrated among younger people.
Marketplace’s Kimberly Adams interviewed President of Edison Research Larry Rosin. She pointed out the 15 million fewer Facebook users in the U.S. today than in 2017, and asked if that was a meaningful drop for Facebook. Larry Rosin responded:
I don’t see how you couldn’t say it’s a meaningful drop. Fifteen million is a lot of people, no matter which way you cut it. It represents about 6 percent of the total U.S. population ages 12 and older. What makes it particularly important is if it is part of a trend. This is the second straight year we’ve seen this number go down. Obviously, the U.S. is the biggest market, in terms of dollars,and it’s going to be a super important market for Facebook or anybody who’s playing this game.
Here is what else the study found:
- More than half the U.S. population now reports having used YouTube specifically for music in the last week. This number is now 70% among 12-34-year-olds.
- One-third of the population reported having listened to a podcast in the last month, representing 90 million monthly listeners. The spoken-word audio sector also saw increases with audiobooks, as the portion of the U.S. population that has ever listened to an audiobook surpasses one-half for the first time.
- The percentage of Americans who listen to online audio (defined as listening to AM/FM radio stations online and/or listening to streamed audio content available only on the internet) has doubled since 2012, growing from one-third of the population to two-thirds.
- Time spent listening to online audio has reached a record high this year, with weekly online audio listeners reporting an average of nearly 17 hours of listening in the last week.
To me, it sounds like Facebook is in big trouble. Fifteen million users have left Facebook in the past year, and many of them were younger people. This group is unlikely to change their minds about Facebook as they grow older.
It is possible that the growing lack of interest in Facebook had something to do with its phone number look up that users can not opt-out of. Or, maybe the teens have started to distrust Facebook after it was reported that the Facebook Research App was sucking up the data of teenagers.