Generation Y practically invented social media. Friendster was the original, but when Facebook came on the college scene in 2004, everything changed. College students took their offline friends and aggregated them in one place online. Guys browsed through their college networks to find cute girls they had seen at the library, and everyone posted photos from last night’s drunken party or Saturday afternoon’s football game.
Facebook was like being at a college frat party with all the people from your school, but online.
Well, things changed. Facebook opened up, Second Life created a virtual world for everyone to live in, LinkedIn connected all the older white-collar professionals, Twitter jumped on the scene and let all the narcissists scream, “Look at me,” and Facebook followed the trend with their new redesign.
But Generation Y is not inventing the new web. Older people are. The new web is all about hyper-connectivity, real-time updates, and living your life online. And mainstream twenty-somethings aren’t buying into it.
According to Comscore, the majority of Twitter users worldwide are 35 or older. Young adults 18-24 only make up 10.6% of the Twitter population in the US and are less likely than the average user to tweet. 45-54 year olds are actually 36 percent more likely than average to visit Twitter.
The traditional social media early adopters are 18 -24 and Twitter is the new social media darling. Why isn’t Gen Y biting?
Gen Y is not on LinkedIn. The average age of a LinkedIn user is 40-years old. LinkedIn profiles do two things. They let you show the world all the great things you’ve accomplished (most twenty-somethings haven’t accomplished much yet) and they let you connect with other business people in your industry (Gen Y has no idea what industry they’re in and don’t have many connections yet).
Want more proof that LinkedIn doesn’t get Gen Y? They just did a major marketing and PR push to recent grads offering their premium service for 3 months free and pitching the site as a way to get jobs in a down economy. So far, this isn’t working, and I don’t expect it to anytime soon.
Facebook is growing at an unparalleled speed, and the new adopters are older folks. The 35 to 54 Year old demographic grew at a rate of 276% over the last six months and the 55+ demographic grew more than 194% over the same time period, while 18-24 year olds only grew 20%. These same older adopters are joining sites like Twitter where it’s all about real-time updates and hyper-connectivity.
When Facebook made a design change to simulate Twitter, there was a major user revolt, of course, many of the angriest people were long time Facebook users (i.e. Gen Y). Sure, change is difficult and oftentimes people buy in after some getting used to. But this one just seems different.
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A recent Accenture survey concluded that Baby boomers, defined in Accenture’s survey as those 45 years old or older, are embracing popular consumer technology applications nearly 20 times faster than younger generations. Compared to a year ago, Gen Y consumers between the ages of 18 and 24, are decelerating their use of consumer electronics and related services including social networking, blogging, listening to podcasts and posting video on the Internet. Yet, there was a 67 percent increase among baby boomers reading blogs or listening to podcasts.
So why isn’t Gen Y buying in to the new web?
Are we simply not a group of early adopters? Would we rather be the followers waiting to see what our older, more experienced peers latch on to before we jump in?
Or, does Gen Y have an innate sense that too much connectivity and too much time online is unproductive and does nothing more than allow you to run in circles and chase something that you can never actually attain.
Or maybe, Gen Y is still all about being cool, and Silicon Valley just isn’t that cool. Facebook isn’t even pretending to be cool anymore.
Chris Cox, Facebook’s Director of Products says, “The people who started the company weren’t cool. I’m not cool, if you look at the people who work here, it’s much more nerdy and curious than cool… Cool only lasts for so long, but being useful is something that applies to everyone.”
He’s probably right. Useful does apply to everyone, but hip, early adopters are always chasing cool. They’re not chasing useful.
Personally, I think its a combination of the three and when the right tool comes along, Gen Y will take the lead. But whatever the reason is, the numbers show that mainstream Gen Y is not latching on to the newest social media tools, and for a group of people who are supposed to be the trend setters, this is a strange phenomenon.
