Wow so young 20 somethings and Teens are Supposedly moving to the instant gratification platforms of Twatter and crapchat,Hardly news at all as they have been all over those platforms since they started,Meanwhile Adults and older people have been a steady source of membership for FB which is hardly in decline at allI think the theory is that once us older ones fall of our perches no one will be replacing us from younger generations. Also the theory is that our demographic will eventually reach saturation with no growth as there are very few multi billionaires that will have kids in their 80s.
However the theory has a flaw in that it assumes that FB will remain static like Myspace and not evolve or acquire other platforms to to generate growth. That has been one difference between FB and the other failed social media platforms is that FB is not adverse from evolving.
I think Twitter was heading downhill until the current POTUS has raised its profile for use. Hence its recent change to double its character restrictions and generally Twitter users tend to be pollies, journalists and celebs. The growth is for instagram or snapchate, these are the growth models. However will they survive and evolve will be interesting as I am sure new "in" platforms will arrive for the following generation and grab their growth. It is simply a fact of life of modern social media.
FB has become my defacto photo album, especially while travelling as an expat. And yes it therefore makes it easy to share with friends and family although my parents, my wife's parents and a close friend are not on FB. I do however detest how FB has changed in recent times, becoming a political platform for many for which I'm slowly weeding them out by not following and clicking "show less of this".
FB numbers continue to grow, so don't expect the end is nigh. Mark Z still has the majority shareholding if I recall and it was never about money for him although everyone says that until they have money, but his wealth is now so high it has no real value.
Snapchat, well I just don't get it. Maybe if you are having an affair, but a message service that deletes the messages, not for me. I've had this argument even with adults and they say it soo much better than Whatsap. Why, only because it deletes the messages for you?
Instagram, well I don't have, but been meaning too as a few friends say they rarely use FB anymore as Instagram pictures cannot be downloaded or shared. So I need to get around to checking out as if its just a live photo album then I more interested as yes some of the crap on FB is getting a bit much and I might have 20 friends posting stuff but it takes 10min of scrolling through to find it due to ads and other crap.