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There has been a general perception over the past few years that millennials are abandoning Facebook in search of greener, less parent-friendly pastures like Snapchat and Instagram.
Not. Even. Close.
A new comScore report released Wednesday highlights data on a whole range of Internet trends. Included in the report was this chart, which shows the percentage of 18- to 34-year-old Internet users who frequent each major social network each month. It also shows how much time those users spend with each service.
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Can you find Facebook? It’s the dot wayyyyyy up there in the upper right hand corner, literally in a quadrant of its own. Turns out that while investors (and the media) panicked that Facebook would experience a mass exodus of young people, nearly every Internet-wielding millennial in America still uses Facebook on a regular basis.
Those same millennials spend more than 2.5 times as many minutes in Facebook as they do in its closest competitor — Snapchat. (Facebook-owned Instagram is a very close third.)
So Facebook still has young people. Lots of them. This might explain why its market cap is nearly $340 billion.
This article originally appeared on Recode.net.