Instagram (FB) Top Social Network for Teens, Piper Jaffray Survey Shows; Snapchat Gaining Steam

According to Piper Jaffray's 29th Semi-Annual Taking Stock With Teens survey, Instagram (owned by Facebook) remains the most important social network teens, although Snapchat is ramping quickly.

32% of teens called Instagram their most important social network. This was up from 30% in Spring 2014 and 17% in Spring 2013.

Facebook (NASDAQ: FB) saw their share drop to just 14% in Spring 2015 from 23% in Spring 2014 and 33% in Spring 2013.

24% of teens called Twitter (NYSE: TWTR) the most important social network, versus 27% in Spring 2014 and 30% in Spring 2013.

Meanwhile, Snapchat rose from nowhere to 13% in Spring 2015. It was zero in Spring of 2014.

You May Also Be Interested In

• UPDATE: Loop Capital Downgrades JOANN Inc. (JOAN) to Hold
• Kirin Holdings Co Ltd (2503:JP) (KNBWY) PT Raised to JPY2,440 at CLSA
• Pepper Money Ltd (PPM:AU) PT Lowered to AUD1.85 at Credit Suisse