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Are Young People Leaving Facebook? Not Even Close. (Chart)

Are Young People Leaving Facebook? Not Even Close. (Chart)

There has been a general perception over the past few years that millennials are abandoning Facebook in search of greener, less parent-friendly pastures like Snapchat and Instagram.

Not. Even. Close.

A new comScore report released Wednesday highlights data on a whole range of Internet trends. Included in the report was this chart, which shows the percentage of 18- to 34-year-old Internet users who frequent each major social network each month. It also shows how much time those users spend with each service.

comscore-chart-social-millennials

comScore

Can you find Facebook? It’s the dot wayyyyyy up there in the upper right hand corner, literally in a quadrant of its own. Turns out that while investors (and the media) panicked that Facebook would experience a mass exodus of young people, nearly every Internet-wielding millennial in America still uses Facebook on a regular basis.

Those same millennials spend more than 2.5 times as many minutes in Facebook as they do in its closest competitor — Snapchat. (Facebook-owned Instagram is a very close third.)

So Facebook still has young people. Lots of them. This might explain why its market cap is nearly $340 billion.