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I'm shocked this number isn't higher. Are you telling me that only fraction (because not all of that 11B was made on facebook property) of facebook's 116.6 year

I'm shocked this number isn't higher. Are you telling me that only fraction (because not all of that 11B was made on facebook property) of facebook's 116.6 yearly income is from one of the most avid groups of social media users?

JumpCrisscross 3y ago
> one of the most avid groups of social media users? Are they spending much?
- internetter 3y ago
  Social media companies don't make much profit on selling stuff to users. They make profit on advertisements. If what you're saying is that younger folks see less advertisements because they buy less things, I can assure you that is not the case.
0xEF 3y ago
Anecdotal, but my Gen Z and his friends abhor and avoid FB/IG like the plague. From my perspective, FB is rapidly losing the interests of the younger generations and increasingly looking like a right-wing retirement community. Do we have a reliable source of user data that shows the breakdown of each social media platform by age group?
- internetter 3y ago
  I agree FB is unused among GenZ, but in my anecdotal experience Instagram (and to a lesser extent, threads) continues to be relevant, alongside Snap and TikTok. Heck, let's run with TikTok for a second, ByteDance made 110 billion[0] this year. Does anybody use TikTok more than GenZ? [0]: https://www.bloomberg.com/news/articles/2023-12-20/tiktok-owner-bytedance-s-revenue-set-to-surpass-china-s-tencent-s-this-year https://www.bloomberg.com/news/articles/2023-12-20/tiktok-ow... Edit: Also, IG seems more popular among girls, which could explain the opinion of your kid. I found an article from pew to corroborate this that also shows that IG is very much still relevant: https://www.pewresearch.org/short-reads/2023/04/24/teens-and-social-media-key-findings-from-pew-research-center-surveys/ https://www.pewresearch.org/short-reads/2023/04/24/teens-and...

JumpCrisscross 3y ago

> one of the most avid groups of social media users? Are they spending much?

internetter 3y ago
Social media companies don't make much profit on selling stuff to users. They make profit on advertisements. If what you're saying is that younger folks see less advertisements because they buy less things, I can assure you that is not the case.

0xEF 3y ago

Anecdotal, but my Gen Z and his friends abhor and avoid FB/IG like the plague. From my perspective, FB is rapidly losing the interests of the younger generations and increasingly looking like a right-wing retirement community. Do we have a reliable source of user data that shows the breakdown of each social media platform by age group?

internetter 3y ago
I agree FB is unused among GenZ, but in my anecdotal experience Instagram (and to a lesser extent, threads) continues to be relevant, alongside Snap and TikTok. Heck, let's run with TikTok for a second, ByteDance made 110 billion[0] this year. Does anybody use TikTok more than GenZ? [0]: https://www.bloomberg.com/news/articles/2023-12-20/tiktok-owner-bytedance-s-revenue-set-to-surpass-china-s-tencent-s-this-year https://www.bloomberg.com/news/articles/2023-12-20/tiktok-ow... Edit: Also, IG seems more popular among girls, which could explain the opinion of your kid. I found an article from pew to corroborate this that also shows that IG is very much still relevant: https://www.pewresearch.org/short-reads/2023/04/24/teens-and-social-media-key-findings-from-pew-research-center-surveys/ https://www.pewresearch.org/short-reads/2023/04/24/teens-and...