While it's true that Facebook usage in that age group is lower than before, the social network still has a commanding lead over any of its competitors.
Here's a chart by Statista based on data published by Edison Research and Triton Digital that shows just how much 12 to 24 year olds actually use each of the most popular social platforms now available.
This is vitally important if your audience is in this age group because your promotion has to go where your fans are.
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