A Foolish Take: Generation Z Americans Love These 3 Mobile Apps

MarketsMotley Fool

Generation Z (16- to 24-year-olds) is considered America's first "digitally native" generation. These younger Americans frequently use mobile apps and social networks, but they mostly avoid Facebook (NASDAQ: FB), which is more popular with millennials.

Last year, a Piper Jaffray survey found that only 9% of teens considered Facebook their preferred social media platform. The vast majority preferred Snap's (NYSE: SNAP) Snapchat, as well as Instagram, which is owned by Facebook.

Continue Reading Below

A large number of Gen Zers are also devoted to Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube, which is technically a social network. Last year, an AdWeek survey by Defy Media found that 50% of Gen Zers couldn't "live without" YouTube. A more recent survey by VidMob revealed that more than half of Gen Zers had increased their usage of YouTube, Snapchat, and Instagram over the past year.

These numbers indicate that Facebook and Google should retain their duopoly on digital ads in America. That's why eMarketer expects those two companies to control 57.7% of the U.S. digital advertising market this year. However, the figures also suggest that Snap -- which has been struggling with slowing user growth -- isn't down for the count just yet.

Offer from The Motley Fool: The 10 best stocks to buy nowMotley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. In fact, the newsletter they run, Motley Fool Stock Advisor, has tripled the S&P 500!*

Tom and David just revealed their ten top stock picks for investors to buy right now.

Click here to get access to the full list!

*Stock Advisor returns as of Aug. 6, 2018.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Leo Sun owns shares of Facebook. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Facebook. The Motley Fool has a disclosure policy.