The Motley Fool
Published 6:00 AM EDT Oct 6, 2018
Generation Z (16- to 24-year-olds) is considered America's first "digitally native" generation. These younger Americans frequently use mobile apps and social networks, but they mostly avoid Facebook (NASDAQ: FB), which is more popular with millennials.
Last year, a Piper Jaffray survey found that only 9 percent of teens considered Facebook their preferred social media platform. The vast majority preferred Snap's (NYSE: SNAP) Snapchat, as well as Instagram, which is owned by Facebook.
A large number of Gen Zers are also devoted to Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) YouTube, which is technically a social network. Last year, an AdWeek survey by Defy Media found that 50 percent of Gen Zers couldn't "live without" YouTube. A more recent survey by VidMob revealed that more than half of Gen Zers had increased their usage of YouTube, Snapchat, and Instagram over the past year.
These numbers indicate that Facebook and Google should retain their duopoly on digital ads in America. That's why eMarketer expects those two companies to control 57.7 percent of the U.S. digital advertising market this year. However, the figures also suggest that Snap – which has been struggling with slowing user growth – isn't down for the count just yet.
More: Amazon becomes a major contender in digital advertising: A Foolish Take
More: Facebook remains the top social network among most age groups in the US: A Foolish Take
More: Apple dominates the wearables market again: A Foolish Take
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Leo Sun owns shares of Facebook. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Facebook. The Motley Fool has a disclosure policy.
The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY.
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