YouTube Most Popular Social Media Platform Among U.S. Teens

The internet has evolved so much since it was first created. The internet's growth from a hub of research sharing to the vast interconnected network that exists today is simply mindboggling. None of its original developers could ever have imagined how far their project would come one day. Although the internet is still used for that original intention (sharing research), consumers use it for so much more today. They can go shopping or communicate or socialize or really do pretty much anything they want. The internet is such a dominant force in our society that many online companies can make plenty of money just by getting users to visit their sites. According to a Bloomberg article, one such popular site, YouTube, has become the most dominant social media site, at least in terms of users aged 13-17, the "trendsetting demographic."

These days, the money-making ability and success of a social media company are dependent on how many users it can attract. Even though most of those kinds of sites are free to use, they make money off of advertisements. A few years back, Facebook was well in the lead and was able to make the statement that 71% of teenagers in the United States actively used the site. Now, there isn't one single definitive leader when it comes to favorite social media sites for US teens. The three market leaders are now YouTube, Snapchat, and Instagram, while Facebook has only captured 51% of their possible teen market. YouTube is in the lead currently, with 85% of teens in the US using the site, according to a Pew Research study.

Even with a decrease in their capture rate of that ideal demographic,  Facebook still does very well for its shareholders. Facebook makes approximately $23 per user each quarter and has over 185 million users in the US and Canada alone. Those numbers could change pretty quickly in the future, though. Even now, the study found that only 10% of the respondents reported using Facebook as their main social media platform. Conversely, 33% said that Youtube and Snapchat are their top sites, and 15% said that Instagram is visited most often. Facebook's relatively recent acquisition of Instagram could be their saving grace.

Social media apps and plenty of other online platforms have had increased usage over recent years. This is likely because getting on the internet continues to become easier as technology becomes more and more advanced. Where a user once had to go to a physical desktop computer, the advent of portable computing made everything more accessible to so many people. From laptop computers to smartphones, users are now able to get online pretty much anywhere and anytime they want to. In fact, the Pew study found that 95% of teens either have a smartphone or have regular access to one. Also, 45% of teens say that they are online nearly constantly. That kind of ease of use is beneficial to the companies and consumers alike.

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Google to Offer New "YouTube Red" Subscription-Based System

Where YouTube once made all of its income through advertisement sales, the Google-owned company is planning to make a big change. Starting next week, YouTube will be providing an option for viewers to pay $9.99 per month to be a part of a service called YouTube Red. As described by Saba Hamedy and Paresh Dave, in their L.A. Times article, this service will not only remove advertisements from most videos, thereby enhancing the viewer's enjoyment, but will also provide the ability to download content and stream music from Google Play.

YouTube, which first opened in 2005, grew in popularity very quickly and as purchased by Google a year later. Since then, while videos on YouTube get millions of views per month, Google has found that the well-known site is not quite the money-maker it might have been expected to be. Analysts believe that this is because YouTube is free, in general. Artists, musicians, instructors, and entertainers can upload videos for free, and people around the world can watch, like, and comment those videos for free. Only videos with advertisements provide any sort of income to YouTube and the maker of the video.

Now, with YouTube Red, Google's parent company, Alphabet Inc., expects to make far more money from the site without increasing advertisements or drastically changing its currently free setup. Analysts YouTube Red has great potential to become hugely profitable, but only if YouTube finds a way to overcome competition by Facebook, Vimeo, and Snapchat, among several other competitors.

Furthermore, will it really be worth it to viewers? Is the removal of ads, even on top of the addition of all kinds of new content by such YouTubers as The Fine Bros, Lilly Singh, and Pewdiepie, really worth the $10 per month that it will cost. YouTube tends to be targeted more toward teenagers and younger Millennials, so that would also mean that subscription to YouTube Red would probably fall under the jurisdiction of viewers' parents, who may not be willing to spend money on that which used to be free.

Much of the new content will be produced by well-known YouTube stars, who, unlike so-called "traditional actors," tend to come up with the content in their own videos. Many such stars started out with comedy or singing shows, filmed in their bedroom, and since have accrued hundreds of thousands of subscribers. It is these individuals that YouTube Red is going to use to try to pique the interest of potential viewers.

Market research company EMarketer believes that the growth of YouTube's ad revenue will slow over the coming years, which would make now the perfect time for the company to move away from advertisements and toward other forms of income. Many wonder, however, how this new system will affect the YouTube stars, some of whom are making a comfortable living off of payments from advertising sponsors. Will they be willing to give up that security to be a part of this new project? Hamedy and Dave seem to conclude that with YouTube Red, the stars will have more opportunities to create newer and better content that previously would have been cost prohibitive. YouTube executives believe that the stars will see the project's potential and will happily sign on to be a part of this new system.

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