Facebook Losing Eyeballs?

With Facebook losing viewers, along with other social media, their influence is going to shrink as well.

With platforms like Facebook losing viewers, maybe Silicon Valley will lose it’s ability to manipulate expression on the internet. While social media has a virtual monopoly, the fact is that everyone has the freedom to get bored, step away from the computer or put down the phone, and go do something else with their time.

The New York Post reports, “Millennials are starting to hate social media, too.”

More than half of users between the ages of 18 and 24 revealed they are “seeking relief from social media,” according to a survey.

The poll, taken in December, found that 34 percent of young users reported having deleted social-media accounts entirely. Forty-one percent of respondents said they waste too much time on social media, and 35 percent agreed that people their age are too distracted by their online lives.

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This change of attitude on the part of millennials is part of a wider trend. As Fast Company reported on Facebook:

According to Nielsen numbers through November of last year, interpreted by Pivotal, the social network lost about 4% in aggregated time spent.

Now new numbers have been released that go through December, and the problem only seems to be getting worse. The updated data shows that Facebook’s core platform lost 18% in time spent, which is a huge change from the month before. This, says Pivotal, reflects a 24% decline in time spent per person.”

Read the whole New York Post story and the Fast Company story.

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